9 February 2012 12:44


News
Accenture  | CfH  | E-Health Insider  | FSA  | Lorenzo  | iS
Twitter RSS Newsletter Send to a friend
1

FSA begins formal investigation into iSoft

24 August 2006  

Healthcare software firm iSoft Group Plc, announced this morning that the Financial Services Authority has begun a formal investigation to investigate accounting irregularities uncovered by the firm earlier this month.

A spokesperson for the FSA told E-Health Insider “We will be undertaking a formal investigation”. The spokesperson added this had already begun. “It is underway”.

iSoft said on 8 August that a provisional enquiry by its auditors Deloitte had found evidence of accounting irregularities affecting its 2004 and 2005 financial years.

"The group has now received notification from the FSA (Financial Services Authority) that they will be undertaking a formal investigation into the possible accounting irregularities," iSoft said in a statement this morning.

iSoft has been hit by a string of problems and profit warnings related to a £6.2bn upgrade of computer systems for the English NHS being managed by NHS Connecting for Health.

iSoft is the clinical software sub-contractor to Computer Sciences Corporation and Accenture in three out of the five regions of the CfH programme. Delivery of its core Lorenzo clinical software, currently being developed in India, is running over two years late.


Last updated: 24 August 2006 09:44

© 2005 E-HEALTH-MEDIA LTD. ALL RIGHTS RESERVED.


Please wait... loading

 
Add a comment

Register: To add a comment you must be registered.

Register

 

Login:

Email address:


Forgot your email address?contact


 
Password:


Forgot your password?prompt

 

Remember me

Login



EHealth Media Limited
EHealth Insider is managed and maintained by EHealth Media © 2012
Registered Office: 11 Campana Road, London SW6 4AS
Registered No. 4214439 | Vat No. 774 4008 29
About us | Advertise | Terms and conditions | Privacy policy | Contact us