PracticeConsultingWiggins’ humble pie.

Wiggins' humble pie.

Humble pie has become a regular dish for directors over at property developer Wiggins.

Its newly published annual report contains yet more apologies over the little run-in with the financial reporting watchdog which led to it restating its profit figures downwards for the last half-decade or so.

As those who follow such issues will recall, much of the dispute revolved around the thorny issue of revenue recognition.

In other words, when is income actually in the bag, and when is its receipt still uncertain?

Cynics may enjoy a wry smile therefore when they see that the Wiggins chaps have described themselves as ‘Experts in recognising potential’ in their glossy tome.

At least there’s one part of the annual report that the regulators won’t be arguing with.

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