After the internal audit department of UK’s leading building materials
raised the alarm three weeks ago, police arrested Tony Newman, sales director,
on suspicion of £1m fraud,.
However, no charges have been brought against Newman and Jewson said it was
assisting the police with its continuing investigation, Director of Fincance
The retailer confirmed in a statement its accountants reported irregularities
relating to a possibly fraudulent supply and procurement of marketing services.
Jewson said Newman, who was based at the company’s head office in Binley,
Coventry, was dismissed on April 18 together with an unnamed member of staff who
had been with the company for less than two weeks.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February