RegulationBusiness RegulationRegulators to investigate BDO, ICAEW and ICAS members

Regulators to investigate BDO, ICAEW and ICAS members

Discipline board to look into conduct of members, following Healthcare Locums accounting errors

REGULATORS are to investigate members of ICAEW, ICAS and BDO over their conduct in the Healthcare Locums scandal.

The Accountancy and Actuarial Discipline Board (AADB) will look into the preparation, approval and audit of financial statements of Healthcare Locums.

The business has been under the spotlight following the discovery of “accounting problems” this year.

The AADB inititated the investigation following references from both the ICAEW and ICAS.

The regulator will also look at the preparation and approval of financial statements of Healthcare Locums and subsidiaries in the six months to 30 June 2010.

Executive vice chairman Kate Bleasdale resigned from the board in February and was dismissed as an employee in March. Chief financial officer Diane Jervis  also resigned in March.

Update:

Bleasdale has told Accountancy Age that the acquisition of Redwood Health in August 2010 received 99.3% of shareholder approval.

 

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