Sumary of Another retailer’s auditor fined over failings, this time for Sports Direct:
- Another day, another satisfactory and intense criticism for a retailer’s perceiver.
- It follows an akin control last week by the be regulator for Laura Ashley before it failed in 2020 Sports Direct The current findings relate to Grant Thornton’s accountings of Sports Direct International (now Frasers Group), in 2016 and 2018.
- The FRC severely reprimanded Grant Thornton, which had analyze Sports Direct’s records since the retailer’s stock market float in 2007.
- In relation to the imperfections of the 2016 accounting, the FRC investigation think on Grant Thornton’s nonaccomplishment to tell a compact referred to as Delivery Company A as a related party to controlling Sports Direct shareholder Mike Ashley in the records.