The District of Maryland Court judge threw out claims brought against the Big Four firm by US Ahold shareholders. The claims centred around Deloitte’s role as auditor of Ahold during which time the retailer revealed £2bn of accounting irregularities concerning itself and US subsidiary US Foodservice in 2002.
But a new investigation has been launched by the Dutch commercial court Amsterdam Enterprise Chamber into Ahold’s accounting irregularities. It will consider Ahold’s acquisition of US Foodservice and the supervision of internal controls at Ahold operating companies.
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team
John Mendes has been appointed partner in the City of London office at MHA MacIntyre Hudson
Jon Maile has been promoted to partner in the South East as the head of audit at Grant Thornton
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live