DELOITTE HAS stood down as auditor of coal mining and exploration company SouthGobi before its contract is due to expire.
A statement from the company said: “Deloitte resigned on its own initiative, prior to the expiry of its terms of office.”
SouthGobi, which supplies customers in China, said that Deloitte had not expressed any reservations in its report for the two most recently completed fiscal years.
The company announced that from this month PwC would take over as auditors.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned