A spokesman for the retailer said today:’Clearly it’s an issue which will be under consideration, but there has been no decision taken either way.’
PwC declined to comment saying that it could not discuss client affairs.
Finance director Tony Potter resigned from the company in early March as the after the discrepancy came to light following the implementation of a new stock management control system and a year end review.
In the company’s preliminary results to 27 January 2001, figures for 2000 were readjusted.
As a result of the problems, a £2.83m provision was been made against stocks. Additional provision of £0.8m has been made against the value of stocks more than 12 months old
Pre-tax profits were £4.2m, down from a restated £6.0m in the previous year.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast