LETTERS - Potential conflict.
Re: Between the Covers, Taking Stock, 1 November.[QQ] I bought the book on the Boo.com collapse. Interesting stuff. I note the contract supply of a KPMG partner to act as interim chief financial officer, a position which lasted to the end.
According to the book KPMG is latter appointed liquidator. How can that be? Authorising bodies require their members not only to apply high ethical standards but also require them to be seen to be doing so by not getting into positions where their impartiality could be questioned.
A fundamental requirement of the ethical guide is that a liquidator should not accept an appointment if his firm or partners has had a material continuing professional relationship with the company within the previous three years. If acting as CFO in the circumstances described is not within this definition, what is?
William Young, Nairn.