Controversial lender Greensill Capital is scrambling to find a new auditor as it gears up to float on the stock market. The specialist finance company, which was founded by Australian Lex Greensill and counts former prime minister David Cameron as an adviser, had previously enrolled the little-known Saffery Champness to vet its finances. But after … Read more
The choice of former Standard Life Aberdeen chief executive Keith Skeoch as interim chairman of audit and governance watchdog the Financial Reporting Council could not be more timely. A series of missteps by big audit firms, with Ernst & Young (EY) caught in the headlights, has refocused attention on the potential for audit failure. In … Read more
The list of audit failures is legion. In the last several years there have been blunders at Carillion, Conviviality, Patisserie Valerie and Thomas Cook. The conflict between audit and other work, such as remuneration consulting done by the same firm, is there for everyone to see at Boohoo among others. The business select committee has … Read more