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04 Jul 2011
BDO, AUDITOR of troubled medical recruitment firm Healthcare Locums (HCL), may face an investigation by the Financial Reporting Council into the role it played in signing off accounts.
HCL recently revealed it will restate accounts going back as far as 2008 after it discovered "accounting problems", The Telegraph reports.
Further reading
Questionable transactions include a deal under which HCL bought a business from the husband of its founder and ex-chief executive, Kate Bleasdale.
Bleasdale has been blamed for the accounting problems but she denies responsibility, saying it was her who first discovered them.
BDO declined to comment on the investigation, saying it would be inappropriate "pending the outcome of the investigations currently being carried out by HCL and their advisors".
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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