A Ghanaian court will hear arguments in a suit brought by DramOil and Trading Ltd. that challenges a Deloitte & Touche audit report and seeks $450 million in damages from the accounting firm.
A commercial court in 2015 contracted Deloitte to audit the books and payments between DramOil and Vihama Energy Co. following a trading dispute between the two Accra-based oil-trading companies.
The post-judgement audit was to determine how much Vihama owes DramOil. Deloitte in 2019 concluded the company doesn’t owe DramOil, resulting in $188 million in losses for the firm that has taken the accounting specialist to court.
The ...
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