PracticeAuditAdecco soothes investors

Adecco soothes investors

Adecco has finally broken its silence over the progress of its internal probe into possible accounting problems at the firm.

In a statement the group said it had so far found no evidence of anything that could prove ‘financially significant’ to the company as a whole. Shares rose 12% at the news on Friday morning.

But it conceded that ‘misappropriations and irregularities’ had been uncovered at branch level in more than one country. It cautioned that enquiries were still at an early stage.

Adecco also announced the appointment of Ray Roe as head of its US operations as a replacement for Julio Arrieta, who resigned from the company shortly after news of the employment group’s accounting concerns emerged.

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