PracticeAccounting FirmsGT resigns Quarto audit over conflict of issue

GT resigns Quarto audit over conflict of issue

Quarto's directors announced the move to the stock market following the emergence of a conflict of interest between a director at the publisher and Grant Thornton

GT resigns Quarto audit over conflict of issue

DELOITTE has scooped the audit account of international publishing group Quarto from incumbent firm Grant Thornton following a conflict of interest issue.

Quarto’s directors announced the move to the stock market following the emergence of a conflict of interest between a director at the publisher and Grant Thornton “in relation to another company where he is a director”.

Grant Thornton decided to resign the audit. Deloitte duly took over with immediate effect.

Quarto’s last annual report showed the auditor received $384,000 (£245,000) in 2013.

Founded in 1976, the London-headquarted Quarto Group employs 400 staff.

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