Baker Tilly counted out after show jumping black hole
Baker Tilly has resigned as auditor of the British Show Jumping Association after an alleged black hole of £328,000 was found in its accounts
The governing body of UK showjumping says it is extremely disappointed with
Tilly, which has handled its financial affairs for 18 years. A letter to
members the BSJA said: ‘We
feel Baker Tilly has been extremely unhelpful about this matter and your board
felt they had totally lost confidence in them and invited Baker Tilly to resign
as auditor, and they have now done so.’
The BSJA, which regulates more than 4,200 horse shows a year, including The
Horse of the Year Show, believes the error should have been picked up earlier.
The error was unearthed during a review by chief executive Diana Cornish, the
BSJA claimed. Its income and net asset value was overstated because charges to
members and show organisers were incorrectly passed to the financial reporting
Baker Tilly declined to comment.