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    GT 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

    Author Writer Date published December 16, 2014 Categories

    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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