By Nigel Somerville | Monday 30 March 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It was announced this morning that Ernst & Young resigned as auditor to fully listed (but suspended) Finablr (FIN), citing concerns arising out of recent events atht e Company and NMC Health plc [NMC]…..the Board of the Company, the adequacy of corporate governance concerns and the recent issues that have caused the Company to commission an independent review of the Company’s financial arrangements, including of related party transactions and on- and off-balance sheet debt”. Quite a list! It’s a shame that Ernst & Young (EY) has shut the stable door so long after the horse has bolted!
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