DELOITTE HAS stood down as auditor of coal mining and exploration company SouthGobi before its contract is due to expire.
A statement from the company said: “Deloitte resigned on its own initiative, prior to the expiry of its terms of office.”
SouthGobi, which supplies customers in China, said that Deloitte had not expressed any reservations in its report for the two most recently completed fiscal years.
The company announced that from this month PwC would take over as auditors.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up