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.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process