Troubled engineering group Jarvis is considering the possibility of suing
former directors and auditors following a catalogue of problems left the company
in financial difficulties.
Chief executive Alan Lovell, who was brought in last October to stem the
company’s decline, told The Guardian the board hasn’t made a final
decision yet on whether or not to take legal action.
Shareholders backed a restructuring plan earlier this month leaving them with
just 4.75% of the company, but means that £350m ($622.7m) of debt will be
cancelled by its creditors.
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'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester