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Audit watchdog refers Deloitte to disciplinary unit
Audit firm Deloitte risks losing its operating licence when its alleged mishandling of troubled CMC Motor’s financial statements is forwarded to a disciplinary committee appointed by the Treasury.
Audit firm Deloitte risks losing its operating licence when its alleged mishandling of troubled CMC Motor’s financial statements is forwarded to a disciplinary committee appointed by the Treasury.
The move by the accounting watchdog follows a complaint by the Capital Markets Authority (CMA) that the audit firm mis-stated the motor dealer’s accounts, thereby inflating its earnings.
