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...
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