PracticeAccounting FirmsAADB sets date for RSM Robson Rhodes hearing

AADB sets date for RSM Robson Rhodes hearing

Discipline board the AADB has called RSM Robson Rhodes to an iSoft complaint hearing in October

ACCOUNTANCY DISCIPLINER the AADB has set the date for a formal complaint hearing against RSM Robson Rhodes and former audit partner Glyn Williams.

On 5 October the Financial Reporting Council sub-board will hear complaints relating to the accounts of iSoft Group and subsidiary iSoft for the three years to 30 April 2005.

The NHS software provider alleges misconduct in relation to: inappropriate recognition of revenue on long-term contracts; iSoft’s failure to recognise on its balance sheet receivable balances and associated liabilities in relation to income streams from contracts which had been “sold” to third party funding providers; and the audit of goodwill balances.

An AADB investigation was launched in October 2006 and later widened to include Williams and other members of staff.

RSM Robson Rhodes was acquired by Grant Thorton in July 2007, where Williams remains a partner.

The complaint is in no way related to Soft Group Ltd, an Australian company formerly known as IBA Health which now trades as iSoft in the UK.

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