KPMG resigns as Regal Petroleum auditor
KPMG resigns as the auditor of AIM group Regal Petroleum
Big Four firm KPMG has resigned the audit of controversial oil company Regal
Petroleum.
In stock exchange announcement Regal said that KPMG had resigned as auditors
with immediate effect.
According to the company, KPMG had confirmed there were no circumstances
connected with their resignation that needed be brought to the attention of
Regal’s members or creditors.
The company is already in the process of searching for a new nominated
adviser to replace Evolution Securities and said it would name its new auditors
at the same time as its new nominated adviser.