×
1 871
Fashion Jobs
VF INTERNATIONAL
UK Retail - IT Senior Service Delivery Analyst
Permanent · NOTTINGHAM
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
EUDON CHOI
Production Manager
Permanent · LONDON
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
By
Reuters
Published
Aug 15, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Sports Direct says happy with latest accounts after auditor quits

By
Reuters
Published
Aug 15, 2019

Sports Direct has followed up a statement announcing the departure of its auditor Grant Thornton with another saying its board was comfortable with its latest accounts.


Sports Direct


Shares of Sports Direct, led by Newcastle United owner Mike Ashley, were 9% lower at 214.8 pence by 1423 GMT on Wednesday.

Sports Direct, whose results were delayed last month after it received an 11th-hour tax bill from Belgian authorities that had to be assessed by Grant Thornton before it could sign off the numbers, said in an initial statement that the auditor had decided to quit following a review of its client portfolio.

It then issued a further statement, jointly with Grant Thornton (GT), saying it had a longer-term aim of looking to engage an auditor from the “Big Four” group of accountants who check the books of most of Britain’s top companies.

The statement said the audit profession as a whole was reviewing client portfolios for, among other reasons, audit profitability, at a time of increased regulatory scrutiny.

“GT’s review of its client portfolio alongside SD’s future intentions on engagement of a Big Four auditor has led to a decision by GT to not seek reappointment as SD’s auditor,” the statement said.

“The board of SD are comfortable with SD’s accounts for the period ended 28 April 2019 and believe a fully robust audit was carried out of SD’s financial statements.”

Grant Thornton, the group’s auditor since 2007, will not seek reappointment at next month’s annual shareholders’ meeting of Sports Direct, which has expanded beyond its sportswear foundations with a string of acquisitions including struggling department stores group House of Fraser.

Ashley has lately admitted that buying House of Fraser may have been a mistake.
In its results statement last month Sports Direct had said Grant Thornton had “vast experience” of the company and it intended to reappoint the firm for another year. 

​It said discussions with other members of the Big Four had thrown up barriers, including potential conflicts of interest and in the case of PwC a reluctance to engage with Sports Direct.

© Thomson Reuters 2021 All rights reserved.