‘Why are auditors suddenly dumping retail clients?’
Boohoo, EG Group and Poundstretcher have all seen their auditors resign in recent weeks. Having originally fought for the engagement, why the about-turns?
Overall, the remit and risk of audit is increasing. ‘Going concern’ sign off is particularly difficult for many retail clients in the current environment, governance issues are intensifying and the need for auditors to maintain a good reputation remains key.
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