PwC resigned from Triad audit

PwC resigned from Triad audit

BDO replaces firm at IT services company

It has emerged that PricewaterhouseCoopers resigned as auditor of theTriad
Group, the IT services company, in April this year, the Independent
reported.

According to the paper, PwC resigned following the sacked its chief
executive, Mira Makar, after she instigated an independent investigation into
accounting issues.

PwC has since been replaced by BDO Stoy Hayward.

Makar, who owns a 30% stake in the company, was first suspended then
dismissed by Triad last year after she hired auditors Egan Roberts and Stork, a
risk assessment company, to help carry out an investigation into financial
problems at Triad’s IT contracting business in Milton Keynes.

In issuing its opinion on last year’s results PwC’s said Triad failed to keep
proper accounting records as required by the Companies Act. Triad said at the
time that ‘appropriate steps’ had been taken to address these issues

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