PracticeAuditAccounting watchdog to consider MG Rover report

Accounting watchdog to consider MG Rover report

AADB will consider the report into MG Rover and associated companies, and delve for relevant information into its investigation into Deloitte

Accounting’s watchdog the Financial
Reporting Council
will consider the inspectors’ report into actions
of Phoenix Venture holdings and MG Rover.

The 850 page report,
published
today
, has already been slammed by the four directors involved with
the carmaker when it collapsed as a “witch-hunt”.

The investigation into the conduct of Deloitte as auditors and advisers to MG
Rover, by the FRC’s Accountancy and Actuarial Discipline Board which began in
August 2005, continues and “will take into consideration” information contained
in the inspectors” report.

More to follow.

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