Altran: financial incident discovered at Aricent
(CercleFinance.com) - Altran announces that, for the first closure of accounts since it took over Aricent, it has discovered an irregularity linked to orders which have proven to be fictitious, with the incident occurring in a period prior to the acquisition.
This anomaly is has been caused by an individual's actions and concerns a client, with the sum in question totaling 10 million dollars. The impact related to the event has led to Altran re-evaluating Aricent's margin profile to about 15.6% over the last 12 months to June 2018.
Altran has launched a thorough investigation into Aricent's internal audit to confirm that this event is an isolated case, and will reinforce its control procedures where appropriate. It reserves the right to take legal action on the matter.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
This anomaly is has been caused by an individual's actions and concerns a client, with the sum in question totaling 10 million dollars. The impact related to the event has led to Altran re-evaluating Aricent's margin profile to about 15.6% over the last 12 months to June 2018.
Altran has launched a thorough investigation into Aricent's internal audit to confirm that this event is an isolated case, and will reinforce its control procedures where appropriate. It reserves the right to take legal action on the matter.
Copyright (c) 2018 CercleFinance.com. All rights reserved.