Home > Uncategorized > Tescos. It gets worse

Tescos. It gets worse

TescoNow under investigation from the serious fraud office. This certainly has been a horrible year for the fading supermarket giant but who feels any sympathy? They have frequently been regarded as bullies and not too many tears will be shed.

But the focus must also be strongly on their so called auditors, PWC. Equally culpable and many would say equally arrogant. A penalty should be paid

What should that be? In both cases, guilt, if proven should be met with a huge fine but I also believe that any audit firm that is complicit with false accounting designed to mislead the market should quite frankly have its licence suspended.

http://www.bbc.co.uk/news/business-29821061

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