In 2014 the esteemed firm of KPMG (Southampton office, three partners) started its audit of Quenron just after Christmas and by March 31 had done enough to allow Quenron to publish the 2013 results – less than three months and the job was largely done. When did PWC start work on reviewing Quindell’s fraudulent accounting policies? Early December 2014.
So that means that PWC, throwing however many staff Quindell’s banks tell it to at the project, has already had just a few days under four months to determine the level of fraud and how big is the black hole at this company in cash crisis. All of this begs a few questions.
Read the full article on ShareProphets | Comments