KPMG is resigned as a script of the disorder

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KPMG resigned as a reference to P& O Ferries, saying that the factors that delayed the company’s accounts that hit the scandal for 2022 were not treated and that it had completed a little work on the late 2023 accounts.

In a message submitted to the companies ’house this week, the four major accounting company said that it will not be able to complete the company’s 2023 audit,” according to the required standard in the required schedule for management. ”

He said this was partly because some “drivers” were behind the late 2022 accounts. He did not specify the reasons behind the delay in signing the 2022 accounts.

P & O was asked to submit accounts 2022 by September 2023, but multiple entities in the corporate group were absent from the deadline. 2022 accounts were not presented to P& O Ferries Limited until February this year, according to Companies House Filings.

KPMG said in the letter that it only managed to perform a “very limited work” on 2023 accounts as a result of P&O accounts in late 2022.

The Accounting Company said that she felt that the reason for her resignation should draw the attention of the company’s shareholders or creditors.

P & O has struggled within several turbulent years, including PandeMic Covid-19, and the effect of Brexit on shipping and passengers, and political repercussions from its controversial dismissal of UK employees in 2022.

The company said that the decision to launch about 800 UK -based staff and replace them with employees of cheaper agency in flexible contracts, which were driven by its risky financial position. The CEO of P& O Peter Heblethwaite told a parliamentary session in 2022 that he “deliberately chose not to consult” trade unions about repetition.

The accounts published in House Companies, for the year 2022, showed that P&O received Hundreds of millions of pounds in loans Its owner DP World, which is based in Dubai to keep him standing on his feet.

The accounts said that P&O was also “in violation of covenants regarding its external religion” at the end of 2022.

P & O was purchased by DP World in 2019 but owned by companies linked to the Dubai government for nearly 20 years.

KPMG refused to comment. P & O said: “We thank KPMG for their services as our reviewers. P & O Ferries focus on providing 2023 accounts as soon as possible.”