Business
Press Notice by the AADB
Press Notice by the AADB.
About this update from Tanfield Group Plc
[{"type":"text","content":"\n RNS Number : 6064V Tanfield Group PLC 04 November 2010 \n \n\nTANFIELD GROUP PLC (\"Tanfield\" or the \"Company\")\nPress Notice by the Accounting and Actuarial Discipline Board (\"AADB\")\n \nThe board of Tanfield notes the recent press notice by the AADB advising their intention, under its Accountancy Scheme, to investigate the conduct of Members and of Baker Tilly UK Audit LLP, as auditors to Tanfield.\nThe board notes that the 2009 accounts are expressly not within the scope of their investigation. The matters under review concern historical issues related to past sets of accounts of Tanfield, specifically the valuation of certain assets (goodwill and other assets of the powered access division) in the 2007 balance sheet, the impairments of those assets processed in the 2008 accounts and whether these impairments should have been recognised at least in part in the previous accounting period.\n \nFurther information:\nTanfield Group plc 0845 155 7755\nDarren Kell / Charles Brooks\n \nArbuthnot Securities Limited, NOMAD and Broker 020 7012 2000\nJames Steel / Edward Gay\n \nENDS\n \n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCKKQDQOBDKDDK \n ","length":2879,"t...