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
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.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
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