UK - Finance Chief Quits After Accounting Errors Revealedgreenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread
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[27 Mar 2000]
Title: Finance chief quits after accounting errors revealed
The finance director of a Milton Keynes-based leisure company has resigned after accounting errors led to an overstating of its profits 'by a considerable margin'. AccountancyAge.com
The Milton Keynes-based company said finance director Philip Bunt had resigned and had all his share options cancelled after discovery of the errors, according to PA News.
XS runs bowling alleys, pool halls and nightclubs. It now expects to make a loss for the year.
-- (Dee360Degree@aol.com), March 28, 2000