AIDB confirms dates for Mayflower test case
AIDB hearings against PricewatershouseCoopers and ex-FD of collapsed bus manufacturer Mayflower will take place on 25 September
AIDB hearings against PricewatershouseCoopers and ex-FD of collapsed bus manufacturer Mayflower will take place on 25 September
The new disciplinary board has confirmed the dates for a test case against
Mayflower’s former finance director and auditors PricewaterhouseCoopers.
The AIDB hearings against PricewatershouseCoopers and David Thomas Donnelly,
ex-FD of collapsed bus manufacturer Mayflower, will take place on 25 September.
Hearings against Ian Jon Shelton, the former financial controller of Transbus, a
Mayflower subsidiary, will be heard separately on 11 September.
AIDB executive counsel has decided not to proceed with a complaint against
Donnelly relating to disclosures made in the 2002 Mayflower accounts in respect
of the company’s ability to continue as a going concern.
Other complaints against Donnelly, PricewaterhouseCoopers and Shelton will be
heard by the tribunal.
Accountancy Age revealed exclusively last
February that the inaugural tribunals would take place this September.
The investigation began in July 2004 when accounting irregularities were
discovered in Transbus’s accounts during March of that year.
The hearings, which are open to the public, will take place at of the
International Dispute Resolution Centre in London. The AIDB can impose
sanctions, an unlimited fine, exclusion from membership of a professional body
and withdraw practising certificates or licenses, if the tribunal upholds the
complaints.
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn 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 resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleFrom battling underground invoice frauds in China to navigating bribery risks in the Middle East, Mazars' Nigel Layton shares essential insights on co...
View articleAccording to the Chartered IIA, internal audit should be placed at the forefront of a new Code Read More...
View articleBy switching the focus from ‘profit made for investors’ to ‘value created for all’, accountants can find ways to quantify and evaluate the impact of a...
View articleThe proposals form part of an ongoing overhaul of audit and corporate governance in the UK Read More...
View articleThe first update to the UK Corporate Governance Code in four years will see the creation of a stronger framework for reporting on internal controls an...
View articleBusinesses must adopt a healthy corporate culture or risk legal and business consequences Read More...
View articleDuring a conversation with Accountancy Age, Mazars partner Bob Neate breaks down the draft audit reform bill, warning of a potential capacity issue fo...
View articleThe FRC and major audit firms have criticised the UK government’s watered-down proposals Read More...
View article