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ASTO 314.90 +2.40 (0.77%)
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Grant Thornton fined �2.3m over audits of troubled fire engine firm AssetCo
“Given the FRC's ongoing proceedings against three former executives of AssetCo plc, in which the FRC alleges, amongst other things, that they acted dishonestly or recklessly, we are unable to comment further.
FRC fines Grant Thornton �2.3m over AssetCo audit failures  CCH Daily inc Accountancy Live (subscription) (blog)
Grant Thornton hit with �2.3m fine over audit failures  Insider Media
AssetCo sells UK fire engine fleet to equity firm for �2
“The board and senior management are now able to focus on creating shareholder value through the company's restructured business model, positioning AssetCo as a provider of outsourced fire and rescue operations,” the firm said. “Currently AssetCo ...
Former AssetCo directors rapped over financial conduct
The former bosses of beleaguered firm AssetCo have been disciplined by the accounting regulator over their financial conduct.
Future Outlook Of The Service Industry And AssetCo plc (AIM:ASTO)
AssetCo plc (AIM:ASTO), a GBP�38.16M small-cap, is a commercial services company operating in an industry, whose performance is linked to business conditions and the general economy, as it draws revenue from industries across different sectors.
Grant Thornton fined �2.27m by FRC over AssetCo audit misconduct
The mid-tier firm and its retired partner Robert Napper admitted that their failures during their audit work of the AIM company between March 2009 and 2010 resulted from a lack of professional competence and due care in the performance of the audits.
FRC probes former AssetCo executives
The complaint relates to the preparation and approval of AssetCo plc's financial statements for the financial years ended 31 March 2009 and 31 March 2010.
Fire engine firm AssetCo restates 2010 results
(Reuters) - AssetCo Plc, the owner of London's fire engines, said it had restated its accounts for 2010 after the company discovered “significant” overstatement of profits and assets.
FRC to probe Grant Thornton's AssetCo audit work
THE FRC is to probe Grant Thornton's audit of AssetCo's accounts for the three years to 2010. The investigation comes as the Grant Thornton faces a �50.8m legal claim from the AIM-listed company, which previously provided and maintained London and ...
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Does AssetCo plc's (AIM:ASTO) PE Ratio Signal A Buying Opportunity?
AssetCo plc (AIM:ASTO) is trading with a trailing P/E of 8.7x, which is lower than the industry average of 18.8x. Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ...
Trio facing censure for their role in fire engine firm's market collapse
The FRC alleges the trio “acted dishonestly or recklessly” and “breached the fundamental principles of integrity and objectivity” in relation to the preparation and approval of AssetCo plc's financial statements for the trading years ended March 2009 ...