Ahold in frantic rush to secure Deloitte signature
Deloitte & Touche has been burning the midnight oil with troubled grocery group Ahold after the Dutch company missed its audit deadline.
Deloitte & Touche has been burning the midnight oil with troubled grocery group Ahold after the Dutch company missed its audit deadline.
Link: Ahold in fresh bid to restore credibility
It is the third time the group has missed the deadline for completing the audit. Ahold needs to secure the signature of its auditor Deloitte & Touche.
Ahold is now expected to publish its 2002 financial statements after markets close today, 24 hours later than a previously agreed deadline.
The statements will clarify the state of earnings in the wake of the Euro970m accounting scandal that hit the group in February.
Hanging on the statements is an all-important Euro2.65bn cash lifeline from banks.
The scandal has already brought a total of 21 forensic accounting probes into Ahold’s operations.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe Financial Reporting Council has sharply criticised BDO’s audit quality, calling its work “significantly short of expectations” and placing the fir...
View articleWhen right is nobody’s business, wrong sets the culture. The recent PCAOB fines totalling $8.5 million for cheating on ethics exams at Deloitte, PwC a...
View articleAgentic AI is pushing beyond routine automation, offering tax teams autonomous workflows, compliance insights, and specialist AI “colleagues.” Here’s ...
View articleIn a bid to future-proof the UK’s capital markets, ICAEW has outlined four principles to evolve the reporting accountant’s role, highlighting the bala...
View articleThe FRC has warned that big accountancy firms aren’t tracking how AI tools affect audit quality, raising concerns over oversight amid growing reliance...
View articleKPMG has been fined £1.25m by the Financial Reporting Council (FRC) over serious breaches of audit independence rules during its 2021 audit of farm an...
View articleThe Financial Reporting Council (FRC) has opened consultation on a proposed UK version of a new global sustainability assurance standard, aiming to gi...
View articleICAEW’s latest monitoring report finds that while most audits remain of acceptable quality, 10% were flagged for significant improvements, highlightin...
View article