PracticeAuditE&Y quits as auditor at Irish software group

E&Y quits as auditor at Irish software group

Auditor claims company incorrectly stated its financial position.

Ernst & Young has resigned as auditor to a number of subsidiaries of
Riverdeep – the Irish educational
software company, a report from the Irish
Independent
has said.

The paper said that Riverdeep has confirmed the resignation of its auditor
and also confirmed that it has made an adjustment to its accounts for the first
nine months of 2006.

The firm informed Riverdeep of its intention to resign as auditor in a letter
dated January 31, 2007, a copy of which was seen by the Irish
Independent
.

In a statement yesterday, Riverdeep described the adjustment it made to its
accounts as ‘immaterial’.

Ernst & Young has been associated with Riverdeep for most of its history.
It was replaced by rival KPMG in 2003, but was reappointed as auditor in 2004
and audited both the 2004 and 2005 accounts.

Further reading:

New banking partner added to E&Y team

E&Y ‘nabs’ former Barclays’ crime director

E&Y graduates get taste of working life

Related Articles

Is predictive analytics the end of the annual audit?

Audit Is predictive analytics the end of the annual audit?

3d Martin Herron, MHA MacIntyre Hudson
Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

Audit Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

1w Emma Smith, Managing Editor
PCAOB sanctions former Deloitte Turkey CEOs over altered documents

Audit PCAOB sanctions former Deloitte Turkey CEOs over altered documents

2w Alia Shoaib, Reporter
KPMG South Africa to review past audit work amid fresh scandal

Audit KPMG South Africa to review past audit work amid fresh scandal

1m Alia Shoaib, Reporter
FRC introduces £10m sanctions for Big Four firms

Audit FRC introduces £10m sanctions for Big Four firms

1m Alia Shoaib, Reporter
Ukraine’s PrivatBank files $3bn claim against PwC

Audit Ukraine’s PrivatBank files $3bn claim against PwC

2m Alia Shoaib, Reporter
Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

Audit Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

2m Alia Shoaib, Reporter
Big Four dominate FTSE 250 audit market in Q1 rankings

Audit Big Four dominate FTSE 250 audit market in Q1 rankings

3m Alia Shoaib, Reporter