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(From Financial Director)
Byline: Tom Berry.
Tony Oliver says his hair started going grey in 2004. Given he is the UK finance director of recruitment company Adecco, you can understand why stress has left its mark: the Swiss group, listed on the New York Stock Exchange, recently became the first high-profile corporate victim of auditor and investor jitters post-Enron and WorldCom.
Adecco's problems began in January 2004, when its auditors Ernst & Young refused to sign off its 2003 accounts because there were material weaknesses in the internal controls of Adecco's US operations. The saga ended five months later after a substantive audit and ...