P&O Ferries hires tiny four-person accounting firm to replace KPMG

Move raises questions over governance of ferry company and ‘auditor independence’ of accounting firmP&O Ferries has hired a tiny four-person auditing firm to replace the Big Four accountant that resigned from approving its annual accounts in March.The move appears to raise further questions over the governance and financial health of the company, which has attracted a string of negative headlines after its controversial sacking of 786 mainly British ferry workers in 2022 – who it then replaced with low-cost agency staff from countries including India, the Philippines and Malaysia. Continue reading...

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