The Accountancy and Actuarial Discipline Board has launched a probe into
Worthington Nicholls, the air conditioning installer.
The accountants’ disciplinary body will look into the conduct of the auditors
of the company, HW Chartered Accountants, and a member of the ICAEW,
it said today.
It is looking at the accounts for the company for the year to the end of
September 2006, the AIM flotation documents and the interim numbers to March
HWCA declined to comment.
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The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
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Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February