PracticeAuditPark Group swaps KPMG for E&Y as auditor

Park Group swaps KPMG for E&Y as auditor

Voucher and pre-pay business succeeds KPMG with Ernst & Young as auditors

ERNST & YOUNG has succeeded KPMG as auditor of gift saving company Park Group.

KPMG Audit Plc resigned as the company’s auditor and has confirmed there are no circumstances in connection with its resignation which it considers need to be brought to the attention of the company’s members or creditors.

A statement from Park Group said: The directors of the company would like to thank KPMG Audit for the service provided to the company in the past.”

For the six months ending 30 September 2012 Park’s revenues increased 2% to £46.9m from £46m for the same period a year ago. The company also announced that pre-tax loss improved to £4.1m from £4.4m compared to 2011. However, Park Group is seasonally focused and it traditionally makes a loss in the first half of the year with the bulk of revenues generated in the second half.

Related Articles

KPMG South Africa to review past audit work amid fresh scandal

Audit KPMG South Africa to review past audit work amid fresh scandal

1w Alia Shoaib, Reporter
Big Four dominate FTSE 250 audit market in Q1 rankings

Audit Big Four dominate FTSE 250 audit market in Q1 rankings

2m Alia Shoaib, Reporter
Carillion collapse: FRC to investigate KPMG over audit work

Audit Carillion collapse: FRC to investigate KPMG over audit work

3m Alia Shoaib, Reporter
Former KPMG partners charged over PCAOB data leaks

Audit Former KPMG partners charged over PCAOB data leaks

3m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

6m Emma Smith, Managing Editor
KPMG rocked by South African corruption scandal

Audit KPMG rocked by South African corruption scandal

7m Alia Shoaib, Reporter
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

7m Emma Smith, Managing Editor
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

8m Alia Shoaib, Reporter