Wood group, to restart accounts after the information charged from auditors

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Wood Group has to restart the financial results and will probably have to stop shares, including “cultural failures of independent studies, including” cultural failures “, including auditors.

This Engineering group listed in problematic London On Monday, the “material” adjustments will be revenue and balance sheet for the latest fiscal and the balance sheet and the results of their accounts for the financial year, he said.

Wood has already published a full 2024 account until April 2024 and will still be completed in the event of the following work will be postponed from this date. The shares fell earlier on Monday morning.

The company remains in negotiations on a Excellent, which is possible by Sidara, Combined engineering and design companies, the United Arab Emirates and London a network that works firmly to a solid proposal or removal by April 17.

However, negotiations have already been extended, partly to complete the final accounts to help you express the offer of Sidara. Recent developments can make efforts to achieve an agreement more difficult.

Shares Wood Last year, more than 75 percent fought for a heavy debt burden and burned cash.

The real financial officer has declared a tree independently in February after mistaking accounting features Review of the Project Section In November last year, “in response to the auditor with a dialogue.”

On Monday, the opinion “determines the material weakness and failures in the group’s financial culture,” he said.

“This includes inappropriate management pressure and previously reported positions, including unsupported dispensations, oppinentisms and / or accounting judgments of accounting judgments,” he said.

Added: “Cultural shortcomings, inaccurate and unsafe information, caused the supply to the auditors of the tree.”

The company said there were “important” changes in the tree since the study, and “to implement a detailed study plan.”

The public’s auditor is KPMG, the review is headed by Deloitte.

Wood, the development of the US North Sea, rated more than £ 20,000, and made ambitious plans for the transition to the full-scale engineering and consulting company from the oil service provider.

However, the company fought shortly 2.2 billion pounds of AMEC Foster Wheeler in 2017, and market capitalization in recent months collapsed on market capitalization.

Sidara, for the last summer, was far from the previous company that was worth almost 1.6 billion pounds.