FRC launches member investigation after Redcentric misstatements

The Financial Reporting Council has commenced a disciplinary investigation into one of its members regarding the accounting misstatements at Redcentric revealed last year. The beleaguered IT services business, based in Harrogate, revealed accounting issues that saw the company’s assets overstated by “at least £10m”. Chief financial officer Tim Coleman left the business and the company has been struggling to salvage the situation ever since. Now, the FRC has an individual in its crosshairs, though it did not name the perso... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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