MG Rover tribunal confirmed for Deloitte

Editor
AccountingWEB.co.uk
Share this content
Tags
0

Deloitte and its former corporate finance partner Maghsoud Einollahi failed in their attempt to halt disciplinary proceedings over their conduct at during the failure of car manufacturer MG Rover.

Following a preliminary disciplinary hearing in London on Thursday and Friday (26-27 July), the Accountancy and Actuarial Disciplinary Board (AADB) confirmed that a full hearing would take place into the disciplinary charges, which relate to conflicts of interest that arose when the firm advised the Phoenix Four consortium bidding for MG Rover while Deloitte acted as auditor for the car group. The AADB did not allege misconduct in relation to the Deloitte’s audit work, for which the accounts showed it received £2m in fees from 2000-2003. During the same period, it earned anoth...

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.