In an ordinary midsummer news slump, only yawning disinterest would greet the July 29 news of Grant Thornton’s notice to the U.K. authorities of its intent to resign as auditor of troubled retailer Sports Direct International plc. The times are not ordinary; the cauldron of auditor criticism has bubbled since the collapse of Carillion in […]
We aren't saying this is something, but we aren't saying it's not anything either if you catch our drift. Our friends over at Audit Analytics noticed an 8-K filed Wednesday with the SEC for biometric security provider Ceelox, Inc that interestingly enough says RK is out as their auditor, like ASAP: Rothstein Kass informed the […]
~ Several updates below including the name of the partner fired by KPMG and statements from Herbalife and Skechers. That was fast. The New York Times reports that the KPMG will be resigning as the auditor of Herbalife: Herbalife is poised to disclose on Tuesday that KPMG will have to resign as the company’s […]
The firm has had about all the fun it can handle trying to audit Chaoda Modern Agriculture. In a statement Thursday, Chaoda said that in a letter on Apr. 26, BDO said that despite continuing with the audit for a prolonged period, it was not in a position to conclude. It said the move was […]
Your auditor-of-a-Chinese-company-resignation news du jour:
Deloitte Touche Tohmatsu Ltd , the world’s largest accounting and consulting firm, has resigned as auditors of Hong Kong-listed Real Gold Mining , more than four months after the Inner Mongolian miner was reported to have filed conflicting accouting [sic] reports.
Real Gold, which halted trading in its shares on May 27. is under investigation by the Securities and Futures Commission for corporate governance breaches. The miner’s announcement to the Hong Kong stock exchange late on Thursday said it was looking for a replacement for Deloitte, which resigned on October 12.
“The company is disappointed that Deloitte has decided to resign at this time but respects its decision,” the firm said.