Audit firms cannot be relied upon to challenge their clients, writes Hugh Willmott THE discovery that Tesco overstated its first-half profits by an estimated £250m is, in the words of Dave Lewis, the retailer’s incoming chief executive, “a serious issue”. But so far as one can tell, it is not one that has unduly troubled […]
Tag: Tesco
It’s Time For Tesco To Stock A New Brand Of Auditor
The shortage of retail experts on Tesco’s board gave cause for concern long before the black hole was discovered, writes James Quinn EVEN before last week’s stark admission that Tesco had overstated its accounts by £250m, questions had been circling around the make-up of its board.