Equitable Mortgages Limited (In Receivership) |
Rod Pardington and David Levin were appointed receivers to Equitable Mortgages Limited. However, it came to our attention that continuing as the receiver of Equitable Mortgages Limited (In Receivership) may give rise to audit independence issues for Deloitte. The relevant issues giving rise to this were not known and, given their nature, could not have been known by us until this was communicated after our appointment.
We wished to take a conservative view on this matter for the purposes of the auditor independence rules to ensure that we are well within the boundaries of those rules. This gave us no choice but to resign our receivership role. Korda Mentha have now been appointed as receivers.
Recent updates
- Media release from Trustees Executors – 26 November 2010
Covers the appointment of receivers - Frequently asked questions
Specific to the Equitable Mortgages Limited receivership - Media release from Treasury – 26 November 2010
Comment regarding the Crown retail deposit guarantee scheme
Crown retail deposit guarantee scheme
Treasury has set up the following Equitable Mortgages dedicated website for information on the Crown retail deposit guarantee scheme:
