Whatman, the Brentfold-based separation
technology specialists, has seen £600,000 wiped off its bottomline profits
following a stock options accounting error in the US.
‘It is most unfortunate to have to report the discovery of a stock accounting
issue,’ said chairman
‘We have taken immediate remedial action to tighten our internal controls and
are redoubling our sales efforts to accelerate top line growth,’ he added.
The news caused the company’s stock price to fall by 12%.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements