Feeds

NHS provider looking critical

iSoft faces FSA probe

Secure remote control for conventional and virtual desktops

The company providing the lion's share of the government's programme to transform NHS IT is facing a formal investigation by the Financial Services Authority (FSA).

In a statement given to the London Stock Exchange today, iSoft said:

On 8 August iSOFT announced that it had completed an initial investigation into possible accounting irregularities. The conclusion of this initial investigation was that there is evidence of irregularities affecting the financial years ended 30 April 2004 and 2005 and that there are grounds for a more formal investigation. The findings of the initial investigation were passed by the Group to the FSA. The Group has now received notification from the FSA that they will be undertaking a formal investigation into the possible accounting irregularities."

A spokesman for iSoft told The Reg that former commercial director Steve Graham and another employee had already been put on "special leave". He said: "The other people thought to be involved have already left the company."

Labour MP Paul Farrelly yesterday called for a Department of Trade and Industry investigation into the company.

In other news, UK newspaper The Guardian has given notice that it will seek to remove a gagging order, granted by the High Court, which stops the paper publishing information from two secret iSoft documents it obtained during an investigation into the company.

iSoft must publish its accounts for the year ended 30 April 2006 or face having its shares suspended by the FSA.

iSoft shares have fallen from a year high of 465p per share to just 40p a share today. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Britain's housing crisis: What are we going to do about it?
Rent control: Better than bombs at destroying housing
Top beak: UK privacy law may be reconsidered because of social media
Rise of Twitter etc creates 'enormous challenges'
GCHQ protesters stick it to British spooks ... by drinking urine
Activists told NOT to snap pics of staff at the concrete doughnut
What do you mean, I have to POST a PHYSICAL CHEQUE to get my gun licence?
Stop bitching about firearms fees - we need computerisation
Ex US cybersecurity czar guilty in child sex abuse website case
Health and Human Services IT security chief headed online to share vile images
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
Oz biz regulator discovers shared servers in EPIC FACEPALM
'Not aware' that one IP can hold more than one Website
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.