In a statement, Safran said the investigation revealed calculation errors and
inaccurate assessments of the profitability of certain contracts.
The audit had also concluded that, in certain cases, there had been a
deliberate flouting of current accounting rules, while Safran accounting
procedures had not been followed.
The report though cleared Safran corporate management, and the company said
steps were being taken to tighten internal controls.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day