Adecco: irregularities.

Position:Financial News
 
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The world's leading employment services firm, Glattburg-based Adecco, found accounting irregularities early January. This, said the company, would delay publication of its 2003 results.

The company's share price plunged to CHF47.60 ($39.17) on the news.

In a statement, Adecco said that it had discovered "material weakness" in its internal controls in North America.

The company also said it had found "possible accounting, control and compliance" issues at operations in "certain countries"

The world's largest provider of temporary workers, which had originally planned to announce its results on February 4, stated that its audit committee had appointed an independent lawyer to hold an investigation. The statement added that the company could not say when the 2003...

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