UK - Beleaguered asset manager Schroder Investment Management has discovered that it had overstated its profits for the year 2000 by approximately £11m, after discovering errors in the preparation of its accounts.
Schroders thought that it had recorded profits of £149m in 2000, when in fact it had only earned £138m. Following the discovery of the accounting errors, Schroders believes that its 2001 profits wi...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date