Regulators to investigate iSoft

Accountancy regulators are set to investigate troubled software firm iSoft and its auditors.

The Accountancy Investigation and Disciplinary Board (AIDB) is set to investigate iSoft’s directors and its former auditor, RSM Robson Rhodes.

In August, the board said it had uncovered evidence of irregularities affecting its 2004 and 2005 accounts

iSoft accounting irregularities found

Troubled software firm iSoft has found evidence of irregularities affecting its accounts for 2004 and 2005.

Isoft said the problems mainly related to stating revenues earlier than they should have been.

An independent probe into its accounting problems also concluded there were grounds for a more formal investigation, iSoft added