Sports Direct split from auditors Grant Thornton…Read our round-up of the week’s latest and most interesting finance and business news…
Sports Direct has appointed advisory group RSM as its auditor, more than a month after an acrimonious split with the accounting firm Grant Thornton. RSM is the UK’s seventh biggest audit firm and Sports Direct will be its biggest client. The advisory group has no other audit clients among the top 350 companies on the London Stock Exchange.
Ernst & Young admits it should not have offered a women’s leadership training last year that was full of outdated and demeaning advice for women. At the training in June 2018, women were told their brains were smaller than men’s, that they shouldn’t’ show skin in the workplace and that they shouldn’t speak face to face with men.
Deloitte South Africa has expressed disappointment over a £11m lawsuit brought against it by South African state power company Eskom, in which its consulting arm is accused of “pure corruption” and collusion with senior Eskom executives over “improperly-awarded” contracts.
More than 1,000 former partners of PwC, including one who is now a senior member of the accounting industry’s regulator, have shared a windfall of £100m after a record year for profits at the business.
Professional services giant EY is using blockchain tech to assist governments in improving transparency and accountability in the management of public funds.