EY quits as Asda auditor

EY has told supermarket giant Asda it is quitting as its auditor.

It appears EY told Asda of its decision last summer, but there has been no wide public disclosure of the news, until the Daily Telegraph broke the story.

It has been reported that EY said its exit was related to the acquisition of Euro Garages and the timetable requirements of the audit.

The report in the Daily Telegraph also claimed that a senior partner at the Big 4 firm had a romantic relationship with the Asda’s billionaire CEO Mohsin Issa.

The partner in question has now left the firm, and it was confirmed she never carried out any work relating the Asda’s audit.