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

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.

Related Articles

David Sproul, Senior Partner and Chief Executive, Deloitte

Accounting Firms David Sproul, Senior Partner and Chief Executive, Deloitte

10m Lucy Skoulding, Reporter
Financial Power List 2018: 1-5 revealed

Accounting Firms Financial Power List 2018: 1-5 revealed

10m Lucy Skoulding, Reporter
Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

11m Alia Shoaib, Reporter
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

12m Alia Shoaib, Reporter
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

1y Austin Clark, Reporter
Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

1y Alia Shoaib, Reporter
Grant Thornton appoints new partner

Accounting Firms Grant Thornton appoints new partner

1y Emma Smith, Managing Editor
Deloitte global revenues hit record $38.8bn

Accounting Firms Deloitte global revenues hit record $38.8bn

1y Emma Smith, Managing Editor