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Tag: Tesco

At Tesco Everyone Is At Fault And No One To Blame

Economy, Manufacturing October 8, 2014 MASAHUDU ANKIILU 0 Comments

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 […]

It’s Time For Tesco To Stock A New Brand Of Auditor

International, News September 28, 2014 MASAHUDU ANKIILU 0 Comments

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.

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