Regulator complains about lack of tip-offs

Bill Knight, the chairman of the Financial Reporting Review Panel, has called
on the investors and analysts to blow the whistle on suspicious figures in
company accounts.

The head of the regulator said he did not get enough tip-offs from the City.

‘If there is an accounting scandal in this country we do not want to be told
afterwards that everybody knew if we didn’t,’ he was quoted as saying in
the FT.

He added: ‘We are not asking for confidential information or the fruits of
research. Just point us to a question raised by something in the accounts.’

FRRP probes are currently triggered either by media reports or its own scan
of sectors where there is a high risk of accounting slip ups.

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