Boohoo auditor quits over corporate governance concerns
Boohoo’s auditor PwC is stepping down amid concerns over the online retailer’s corporate governance.
According to the Financial Times, PwC has resigned from the role it has held since 2014, dealing a fresh blow to the business as it seeks to bounce back from a damaging modern slavery scandal.
In a statement to the London Stock Exchange this morning, Boohoo said PwC was “still the group’s auditor at this time” but admitted that a tender process was under way to find a new auditor.
Boohoo confirmed that PwC “is not participating in this process”.
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