That stock News

Accounting and actuarial discipline, which is part of the Financial Reporting Council - Council said it will explore how the group accounts were prepared and approved for the year ended August 31, 2009, alongside the financial intermediary for the six months that have ended 28 February 2010.

In a brief statement, PwC has said that it would be "cooperating fully" with investigation AADB .the ' survey will also examine the conduct of the other members of the Institute of Chartered Accountants in England and Wales.

The parent company of Connaught and maintenance of housing arm is collapsed administration in September after management notified of reductions in public expenditure have been pressing its turnover. There are also doubts about accounting practices of the company.

Connaught has 215 million pounds to a syndicate of secured lenders, led by the Royal Bank of Scotland.However, administrator KPMG has warned that they are "likely to suffer a significant loss of profits and are probably not fully repaid.

The company also has more than 7 m ￡ at its former employees and ￡ 24,682 Red Cross, a report by the administrators revealed this month .i believes that the debts of the British society of the Red Cross, a charitable organization, health and training on the sécurité.Plus 7 million from ￡ is due to staff salaries, the days of replacement and redundancy payments with Mark Tincknell, former Chief Executive, due ￡ 29,000.

The group enterprise maintenance ground environment of Connaught and advice unit health and safety, Connaught compliance are not administration .This enterprises, which employ 4,500 people among them, "continue to trade normally under the control of their administrators and with the support of their lenders", according to administrators.

Other support services groups as capita warned that the Government of the austerity measures strike back should more difficult and earlier than the first.

Serco group support at the centre of a controversial payment provider, also concluded an agreement with the Government on the delivery of savings in its contrats.La society, running prisons and schools and maintains the bases of the RAF as Brize Norton, is one of the last major providers Government sign a memorandum of understanding.

Serco is one of 19 leading suppliers of State said Francis Maude MP meeting in July to find efficiencies in their contracts, the Cabinet Office seeks to cut the 800 million from ￡ this year from central government contracts.

Earlier this month, the company is at the centre line after requesting a refund in cash from its own suppliers 5pc 2 to reductions in Government.

View the original article here