BusinessCompany NewsAdecco CFO plays down accounts problems

Adecco CFO plays down accounts problems

The chief financial officer of Adecco says the current accounting problems at the employment giant should not be viewed as 'irregularities'.

Link: Adecco faces dual accounts probe

Speaking to the New York Times Felix Weber said the statement put out yesterday saying ‘material weaknesses’ had been discovered in the company’s North American operations made the problems sound worse than they really were.

He told the paper: ‘It does not mean you have irregularities, but that the control environment is not so good.’

In a further effort to play down concerns that Adecco might become another Parmalat, Weber said checks to be carried out in other countries were spot checks rather than re-audits.

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