Saudi Arabia's regulator bars Deloitte from audit work for 2 years over MMG case
Add BT as a preferred sourceRiyadh
SAUDI Arabia's market regulator said it had barred the local unit of New York-based accountancy firm Deloitte & Touche from providing accounting services in the kingdom for two years for breaching rules on accumulated losses.
The move by the Capital Market Authority's (CMA) Committee for the Resolution of Securities Disputes stepped up penalties already imposed on Deloitte over a long-running case involving its work for troubled Saudi contractor Mohammed al-Mojil Group (MMG).
TRENDING NOW
GovTech retrenches 93 staff in first phase of agency’s 2-year workforce transformation
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
Department store heir to outback cattleman: Inside Bruce Cheung’s US$130m wagyu gamble
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
