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
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.