Pitt resigned following intense pressure over the way in which Webster was appointed, amid allegations that crucial information was withheld over Webster’s background.
Webster himself was reported to have said at the weekend that he would be prepared to stand down following the US mid-term elections, which took place yesterday.
Controversy surrounded his appointment after it emerged Pitt had failed to mention that Webster recently served as a director and head of the audit committee of US Technologies, a failing company being sued by shareholders who say they were defrauded out of millions of dollars.
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
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day