According to weekend reports, a number of major investment funds are threatening to vote against the firm’s re-appointment as auditor at company shareholder meetings.
And one fund manager has warned other accountancy firms not to link up with the embattled auditor.
The manager, who looks after £10bn of investments, told The Business newspaper: ‘Enron has struck a strong chord. We’re considering voting against the appointment of Andersen in the UK and US – and any firm that gets into bed with Andersen by rescuing them will get the same treatment.’
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars