PracticeAuditGreencore unhappy with auditors PwC in Ireland

Greencore unhappy with auditors PwC in Ireland

Sandwich company unhappy that auditors PwC allegedly failed to spot €21m fraud

Sandwich company Greencore claims that its former auditors
PricewaterhouseCoopers should take responsibility for allegedly not spotting a
€21m fraud in a mineral water subsidiary, the Telegraph reported.

Greencore is in talks with PwC to settle the matter. It removed PwC as
auditor and appointed KPMG in August last year, two months after it discovered
that the accounts in its Scottish Campsie spring water business had been
manipulated.

The company took a €9m impairment charge in 2008 to account for the cost
concealment, plus a further €12m in impairments in 2006 and 2007.

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2m Alia Shoaib, Reporter
KPMG rocked by South African corruption scandal

Audit KPMG rocked by South African corruption scandal

2m Alia Shoaib, Reporter
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

3m Emma Smith, Managing Editor
PwC to audit BBC pay policies following gender pay gap outrage

Accounting Firms PwC to audit BBC pay policies following gender pay gap outrage

3m Alia Shoaib, Reporter
PwC to take over from Deloitte as Diploma auditor

Accounting Firms PwC to take over from Deloitte as Diploma auditor

3m Alia Shoaib, Reporter
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

3m Alia Shoaib, Reporter
Latest Big Four auditor changes

Audit Latest Big Four auditor changes

4m Alia Shoaib, Reporter