John Whelan, who was appointed FD in February, will be pursuing opportunities in the private equity sector.
Isoft chief executive Tim Whiston said the departure was a personal decision by Whelan and was amicable, coming shortly after Isoft’s acquisition of rival Torex.
According to the Financial Times, analysts say Whelan’s departure has re-ignited questions about the company’s accounting practices that were raised in the summer – and which also affected its share price.
No specific issues have been pinpointed, but the paper says analysts are hoping for an outsider to take on the FD’s role in order to provide new assurance on the accounting issue.
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