BusinessCompany NewsKPMG called in at Interserve

KPMG called in at Interserve

Firm to investigate alleged accounting irregularities

KPMG and law firm Linklaters have been called in to conduct a forensic review
of support services group Interserve after the company suspended six senior
staff over alleged accounting irregularities.

The suspected accounting irregularities go back five years, The Daily
Telegraph
reported.

According to the paper, they were discovered in the company’s industrial
services division and would result in a £25m cut in net assets in its first-half
results, due to be announced on 4 September.

Chief executive Adrian Ringrose said: ‘We are determined to carry out a
thorough investigation. Depending on what we find we will decide whether to
inform other authorities.’

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