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UK watchdog probes iSoft accounts

Discussion in 'General Webmaster Helpdesk' started by temi, Aug 24, 2006.

  1. temi

    temi Facilitator Webmaster

    MPs have also demanded an investigation into the firm
    The UK financial watchdog has launched a formal investigation into "accounting irregularities" at software firm iSoft.
    The probe by the Financial Services Authority (FSA) is believed to centre on whether the troubled firm misled investors over how much it had earned.

    In recent weeks, iSoft has confirmed it found evidence of irregularities affecting its 2004 and 2005 accounts.

    full story: news.bbc.co.uk/1/hi/business/5280756.stm

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