In January the Observer reported that Edward Fagan, the well-known US lawyer, was preparing lawsuits in US, British and South African courts against Deloitte, PwC and KPMG, alleging that the firms had failed in their duty as auditors to stop companies from illegally withholding pension payments owed to their black employees.
But Deloitte CEO Vassi Naidoo told AccountancyAge.com the firm had received no communication on the matter. ‘We have received nothing,’ Naidoo said.
He added that Deloitte ‘totally denied any wrongdoing’ and called any such claims ‘totally outrageous’ and ‘spurious’.
KPMG and PwC also reject the accusations.
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com