Sports Direct has told investors its auditor, Grant Thornton, has resigned. The retailer said it had struggled to hire a Big Four auditor and Sports Direct has reportedly approached the UK government for advice on what to do if it becomes the first large UK-listed business unable to appoint an auditor. The news follows delays to the publication of Sports Direct's results, which ultimately showed a large £624m ($753m) bill to Belgian tax authorities. A spokesman said: "We are working with our auditors to find out how we can best manage this situation.
Sports Direct has told investors its auditor, Grant Thornton, has resigned. The retailer said it had struggled to hire a Big Four auditor and Sports Direct has reportedly approached the UK government for advice on what to do if it becomes the first large UK-listed business unable to appoint an auditor. The news follows delays to the publication of Sports Direct's results, which ultimately showed a large £624m ($753m) bill to Belgian tax authorities. Grant Thornton has been put under special measures by regulators and the UK's major auditors are allegedly responding to increased regulatory scrutiny by dropping riskier clients.