300
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters
Published
Nov 28, 2016
Download
Download the article
Print
Text size

UK accounting watchdog investigating Sports Direct audit

By
Reuters
Published
Nov 28, 2016

Britain's accounting watchdog has begun an investigation into Grant Thornton's auditing of financial statements published by Sports Direct , it said on Monday, dealing another blow to the troubled sportswear retailer.

The Financial Reporting Council (FRC) said it was looking into the preparation, approval and audit of Sports Direct's financial statements for the year to April 24, 2016.


Sports Direct



"These decisions follow reports of an arrangement between Sports Direct and Barlin Delivery Limited which was not disclosed as a related party in the company's financial statements," the FRC said.

According to media reports, Barlin Delivery is owned by John Ashley, the brother of Sports Direct's billionaire founder and Chief Executive Mike Ashley. The reports said Barlin acted as a delivery broker to Sports Direct's overseas website customers.

Sports Direct's financial statements during the period under investigation were audited by Grant Thornton.

"The FRC and Grant Thornton have a common interest in promoting good corporate governance and reporting standards. We shall of course be co-operating fully with their investigation," said Sue Almond, head of assurance at Grant Thornton.

Sports Direct was not immediately available for comment.

The firm has had a disastrous 2016. Lawmakers have condemned it for "Victorian" working conditions, investors and media have criticised its corporate governance and trading has been poor with a series of profit warnings issued, the latest in October.

Its shares, some 55 percent of which are owned by Ashley, were down 2.4 percent at 1030 GMT, taking losses for the year to 48 percent.

 

© Thomson Reuters 2024 All rights reserved.