Deloitte faces December tribunal
Five-day hearing sees firm and its UK chairman face charges over Capital Corporation audit
The disciplinary tribunal hearing of Big Four firm Deloitte and UK chairman
Martin Scicluna will begin on 12 December.
Scheduled for five days, the private tribunal will hear complaints from the
Joint Disciplinary Scheme over the firm’s 1996 audit of casino operator Capital
Corporation. Scicluna is charged with failing to report a fraudulent audit
partner to the ICAEW. It will also give Deloitte and Scicluna the opportunity to
refute these claims.
Deloitte initially tried to block the publication of details of the charges
with a High Court injunction against the JDS and Accountancy Age, but
this was later rescinded following successful appeals by both parties.
The firm is also facing a probe by the Accountancy Investigation and
Discipline Board, successor to the JDS, over its role as auditor of failed car
manufacturer MG Rover.