Resigns

Today’s news in brief – 20/2/2024

Revolution Beauty has announced the mutual resignation of BDO LLP as its auditor, replaced by MHA with immediate effect. The decision follows a tender process overseen by Revolution Beauty’s audit committee, resulting in MHA succeeding BDO for the financial year ending February 28, 2024. BDO states no circumstances connected with…

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BDO resigns as auditor of Revolution Beauty

Revolution Beauty has announced that BDO LLP has resigned by mutual agreement with the company as its auditor.  The firm, which has been Revolution Beauty’s auditor since 2019, has been replaced in the role by MHA with immediate effect.  News of the resignation follows the completion of a tender process,…

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Today’s news in brief – 29/1/2024

EY has resigned as the auditor of Asda following revelations of a romantic relationship between one of its senior partners and Asda’s billionaire CEO, Mohsin Issa, according to the Telegraph. Although EY informed Asda about the decision in June, it was only revealed recently. The partner resigned a day after…

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EY resigns as Asda auditor

Big Four firm EY has reportedly resigned as auditor of supermarket giant Asda after one of its senior partners started a romantic relationship with billionaire chief executive Mohsin Issa, according to the Telegraph. The report stated that EY had informed the grocer about its decision in June, but Asda did…

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Deloitte resigns as Adani Ports auditor

Deloitte has reportedly resigned from its position as auditor of Adani Ports, according to reports from the Financial Times. Delotte cited concerns that it could not thoroughly scrutinise transactions between companies in the group and the logistics unit. However Adani Ports and Special Economic Zone (Apsez) stated that “the grounds…

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Johnston Carmichael resigns as SNP auditor

Johnston Carmichael, the long-time auditor of the Scottish National Party (SNP), resigned as auditor of the party six months ago before public reports of its resignation first emerged, with a new auditor yet to be appointed to the party. The SNP has said that the firm informed the party in…

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Gravita resigns as Belluscuras’s auditor

Gravita Audit Ltd has resigned as Belluscura’s auditor due to an inability to meet its regulatory requirements in respect of its engagement with the company. Belluscura is a medical device developer, focused on lightweight and portable oxygen concentrator technology. Gravita, which was recently formed by the combination of Jeffreys Henry…

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EY resigns as MJ Hudson auditor over ‘loss of trust’

EY has revealed it has resigned as auditor of asset management firm MJ Hudson citing a loss of “trust and confidence” in the firm’s finance team. In an update to shareholders MJ Hudson said EY has resigned from its position with “immediate effect”. The company said EY’s letter of resignation…

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Mazars resigns as British Steel auditor over fee dispute 

Mazars has reportedly resigned as the auditor of British Steel over a disagreement regarding its fee to audit the company’s latest financial statements. According to the Financial Times, Mazars resigned in July after the steelmaker refused to agree to a proposed “minimum fee” for the audit.  In a filing from…

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Deloitte resigns as auditor of Polymetal over Russian ties

Deloitte has officially resigned as the auditor of Polymetal due to the firm’s ties with Russia amid the ongoing crisis in Ukraine. Polymetal is an Anglo-Russian precious metals mining company with assets in Russia and Kazakhstan. Deloitte said it will not be able to carry out an audit of the…

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