The disciplinary tribunal hearing of Big Four firm Deloitte and UK chairman
Martin Scicluna will begin on 12 December.
Scheduled for five days, the private tribunal will hear complaints from the
Joint Disciplinary Scheme over the firm’s 1996 audit of casino operator Capital
Corporation. Scicluna is charged with failing to report a fraudulent audit
partner to the ICAEW. It will also give Deloitte and Scicluna the opportunity to
refute these claims.
Deloitte initially tried to block the publication of details of the charges
with a High Court injunction against the JDS and Accountancy Age, but
this was later rescinded following successful appeals by both parties.
The firm is also facing a probe by the Accountancy Investigation and
Discipline Board, successor to the JDS, over its role as auditor of failed car
manufacturer MG Rover.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned