PracticeConsultingKPMG to be new Wiggins auditor

KPMG to be new Wiggins auditor

KPMG is to be the new auditor for embattled property developer Wiggins, replacing mid-tier firm HLB Kidsons.

The appointment, which was announced at the company’s agm this week, came as Wiggins and Kidsons faced investigation over a dramatic restating of accounts earlier this year. In its 2001 annual results, Wiggins apologised publicly to its shareholders, and confirmed Kidsons would no longer be its auditor.

The move follows the appointment last month of a new FD David Green. He has replaced Geoff Lansbury, the current FD, who is being investigated by CIMA’s disciplinary committee following the restatement debacle. Lansbury will remain with the company as property director.

Wiggins was forced to restate six sets of annual accounts, earlier this year. The accounts were re-issued following an agreement struck with the Financial Reporting Review Panel. Kidsons’ role in the affair has been referred to the accountants? Joint Disciplinary Scheme.

Links

Wiggins says sorry for accounts debacle

New arrival at Wiggins Group

New probe into £35m Wiggins ‘error’

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