A summary of all that the way I read it is:
KPMG and PWC are reputable outfits unlikely to make professional errors - agreed
Serious Fraud Office are interested in Rob Terry'r era - don't know; however, agreed prima facie it should have no bearing on a transaction that happened months after he left
Accounting affairs - agreed it was an embarrassing error; however, your account of it is open to question, it was not a GST issue it was a VAT issue. Plus, by the same token you ask the question 'how basic is that [not ensuring correct treatment of sales tax] how could a poster with a professional career in accounting including a partner and Big4 experience mis-state income, expense, receipts and payments? It was not an income / expense error it was a cash flow error on the statement of cash flows.
Grech sent over new executives - disagree that happened but will conceded if tell us names of the mysterious executives sent over post PSD or in preparation for PSD
Omission from your account:
There is an underlining assumption it is an accounting issue that S&G are challenging. It may well be an accounting issue but we don't know that yet; equally it may well be a formation of contracts issue, contracts inherited as part of acquiring numerous companies. I assume KPMG and PWCs work on Quindell accounts would only be looking at financial statements not the whole construction of its business.
If it is a contracts issue, it would still beg the question how they were not fully understood at the time of acquisition. Then again there might something in the performance of those contracts subject to a warranty that would not be known until they ran their course. Not hard factual financial matters as in financial statements and permanence of WIP but more so performance of supplier/customer/employee contracts.
It will be fun finding out.
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