BusinessCompany NewsRecruiter forced to restate accounts

Recruiter forced to restate accounts

Nearly £1m in rebates not accounted for correctly

LSE-listed temporary
staffing firm Corporate
Services Group
has been forced to restate its accounts because $1.9m
(£950,000) of rebates had not been accounted for.

It said its procurement operations unit should have made the rebates to
clients during 2006 or in prior years.

The company provides temporary staff to a range of industries in the UK, the
United States, Australia and New Zealand.

In February the group posted a pretax profit of £2.3m for 2006, compared to a
loss of £4.7m the year before.

Further reading:

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