BusinessCompany NewsDeloitte accountant censured over Ahold

Deloitte accountant censured over Ahold

Accountant failed to fulfill his professional duties, says regulator

John van den Vries, the Deloitte accountant who approved the 2000 and 2001
annual reports of Dutch supermarket group
Ahold, has been censured by Dutch accounting
authorities.

Van den Vries from
Deloitte
Accountants BV
– the Dutch arm of the international firm – was censured for
failing to fulfill his professional duties in the Royal Ahold accounting
scandal.

According to the
International
Herald Tribune
, The Netherlands’ Institute for Registered
Accountants found Van den Vries approved the company’s 2000 and 2001 annual
reports without sufficient confidence that they were accurate.

Managing partner Huub Wieleman of Deloitte Accountants BV said it was the
firm would appeal the ruling.

Further reading:

US executive found guilty of role in Ahold fraud

Prosecutor blames marketing exec for Ahold fraud

Ahold shareholders seeking £580m

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