Matthew Hudson, CEO of asset management consulting firm MJ Hudson Group, has stepped down following a loss of “trust and confidence” from the firm’s former auditor Ernst & Young.
Last week (10 February), EY resigned with immediate effect as the firm's auditor, less than 18 months after it was appointed to the role. The auditor stated: "We have lost trust and confidence in the company's management and those charged with governance, and in their ability, along with your finance team, to provide us with accurate and reliable information for audit". The news deepens the turmoil at the firm, which began in October 2022 following the revelation it would miss its profit guidance for that year after talks with its auditor over issues including revenue recognition on a...
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