In a statement to the press on Friday, HP announced that Ernst & Young would act as independent public accountants for HP’s consolidated financial statements for the year ending 31 October 2000.
AccountancyAge.com last week revealed that PwC is set to make a formal announcement next month that it has agreed to sell its consultancy wing to HP.
In a move expected if a successful sale were to take place, PwC discontinued all audit work on 12 September 2000. According to HP, the decision was made because of concerns over the timing of the completion of the audit and the potential loss of PwC’s independence.
HP was keen to stress that there were no disagreements with PwC regarding accounting principles or its audited financial statements.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast