Accountants

Payless auditor too anxious to attend examination

It might not have been around as long as God and the Devil but for genuine enmity can any rivalry match the hellfire-eclipsing friction generated when insolvency practitioners go auditors? In this particular chapter of the eternal struggle, Ferrier Hodgson’s Peter Gothard and Jim Stewart have finally taken the tridents to Moore Stephens’ Elizabeth Perez and Jeff Matchett, auditors of Payless Shoes. We say finally because the Ferriers duo…

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Grant Thornton excoriated over Arrium

HELL hath no fury like a banker denied the voluntary administrator (VA) of his choice, as Grant Thornton’s Paul Billingham discovered during his truncated tenure as VA of Arrium. As a result of accepting the appointment, SiN understands at least four receiverships were lopped from GT’s advisory division in a day. The axe was wielded by Westpac’s restructuring chief Gwyn Morgan, who wanted good mate Peter Andersen’s firm McGrathNicol…