The FT today reported that Deloitte had changed to this stance since yesterday, which in turn raised doubts about Ahold getting access to a $915m (£585) lifeline promised by its banks.
A spokeswoman for Deloitte dismissed the FT piece as a rehash of old news. In February, when Ahold publicly announced its $500m hole in the accounts of its US subsidiary, Deloitte had been open about the fact it had suspended Ahold’s audit ‘pending investigation’.
Ahold has since started its investigations and the company is confident it will gaining audit approval within the deadline of its loan agreement.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars