BusinessCompany NewsTrading in Mayflower suspended

Trading in Mayflower suspended

The accounting scandal at Mayflower, the bus maker, went from bad to worse today when trading in the company's shares was suspended.

Link: PwC investigates Mayflower accounts

The move follows yesterday’s news that PricewaterhouseCoopers has been invited to conduct an investigation into problems at the business relating to ‘delays in passing on payments from customers to one of the group’s finance providers’.

Reports said that John Major, the former prime minister, would face questioning by the FSA over the matter. The Times reported Mayflower as saying a whistleblower had alleged the ‘irregularities’ went back to the time the ex-Tory leader sat on the firm’s audit committee.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor