This month's dilemma.

PositionHot potato - Disclosure of accounting fraud - Column

I am a member in business who works for a plc with market cap of [pounds sterling]8m. In going over some of the year's numbers from one of our divisions I have discovered a significant fraud. The auditors are due in this week and I am not sure if I should refer this up the line internally or discuss directly with our auditors? Is this likely to be compromising confidentiality at this stage?

Our response:

If there is a legal or professional duty to disclose (refer to Section 140.7 and 140.8)...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT