iSoft commercial director suspended

iSoft commercial director suspended

Accounting irregularties uncovered at software group

Embattled healthcare software supplier iSoft has suspended its commercial
director Steve Graham after an initial inquiry found evidence of accounting
irregularities affecting its 2004 and 2005 financial years.

In an statement to the LSE, iSoft said: ‘The conclusion of the initial
investigation is that there is evidence of irregularities affecting the
financial years ended 30 April 2004 and 2005. The principal effects of this
would appear to have been to recognise revenues earlier than they should have
been. They do not have any effect on the cash position of the group.’

Under the circumstances, the board of iSoft said it was ‘appropriate to
suspend Steve Graham, who was commercial director at the time, pending the final
outcome of the more formal investigation’.

One other employee has been put on special leave of absence, while other
employees that appear to be involved have since left the group.

iSoft is a supplier for the £12.4bn overhaul of the NHS’s IT systems, which
has been plagued by problems.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource