×
104 946
Fashion Jobs
BLOOMINGDALE'S
Outlet Keyholder Selling, Park Lane - Full Time
Permanent · Dallas
ESTÉE LAUDER
Business Manager - Frederick Malle - 37.5 Hrs - Neiman Marcus Northpark - Dallas, tx
Permanent · Dallas
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Marysville
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Concord
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Huber Heights
HOMEGOODS
Tucson - Distribution Center Accuracy Control Supervisor
Permanent · Tucson
HOMEGOODS
Loss Prevention Detective
Permanent · Cincinnati
HOMEGOODS
dc Loss Prevention Specialist
Permanent · Jefferson
MACY'S
Asset Protection Detective, San Francisco Union Square - Full Time
Permanent · San Francisco
MACY'S
Asset Protection Detective, Sherman Oaks Fashion Square - Full Time
Permanent · Los Angeles
MACY'S
Asset Protection Security Guard, Northridge Fashion Center - Part Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Puente Hills - Part Time
Permanent · City of Industry
MACY'S
Asset Protection Detective, Beverly Center - Full Time
Permanent · Los Angeles
MACY'S
Asset Protection Captain, Roosevelt - Full Time
Permanent · Philadelphia
MACY'S
Asset Protection Detective, Christiana - Part Time
Permanent · Newark
NORDSTROM
Asset Protection - Security Ambassador - Galleria at Roseville
Permanent · Roseville
CWF (CHILDREN WORLWIDE FASHION)
Ecommerce & Digital Coordinator
Permanent · NEW YORK
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Ontario
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Hammond
FOOT LOCKER
Community Marketing Manager- San Francisco
Permanent · San Francisco
OLD NAVY
Assistant General Manager - Rookwood Commons
Permanent · Cincinnati
KOHLS
Full-Time Loss Prevention Officer
Permanent · Milwaukee
Advertisements
By
Reuters
Published
May 14, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tesco names Deloitte as new auditor after accounting scandal

By
Reuters
Published
May 14, 2015

Tesco, Britain's biggest retailer, has named Deloitte as its new auditor, ending its 32-year relationship with PricewaterhouseCoopers (PwC) after an accounting scandal.

The appointment follows a formal tender process in which PwC did not take part.


"We and PwC mutually agreed that they would not take part in the tender process. PwC will therefore stand down as the company's auditors at the conclusion of the 2015 annual general meeting," Tesco said on Monday.

Tesco said in September it had overstated first-half profits by 250 million pounds ($385 million) due to incorrectly booking payments from suppliers, a figure it later raised to 263 million pounds.

The scandal led to the suspension, then exit, of several senior executives, and sparked investigations by Britain's Serious Fraud Office (SFO), accounting watchdog the Financial Reporting Council (FRC) and a grocery industry watchdog.

It could also prompt investor lawsuits both in Britain and the United States.
PwC has not commented directly on the scandal, but said when the FRC investigation was announced in December that it would cooperate fully with the inquiry and was committed to delivering work to the highest professional standards.

Tesco's new chief executive Dave Lewis has since changed the retailer's relationships with suppliers.

PwC has been Tesco's auditor since 1983. Its auditing of the supermarket's 2014-15 accounts was its final act for the company.

£1 = $1.57

© Thomson Reuters 2021 All rights reserved.