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AIM-listed Renold’s accounting errors add up to £2.5m

An independent PwC investigation has identified further accounting errors at AIM-listed Renold, which was forced to postpone its AGM in July following the discovery of £1.8m of ‘intentional mis-reporting of financial information’.

  • Shared by Accountancy Daily
  • August 28, 2019
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Last month, industrial equipment supplier Renold said it needed to revised its audited financial statements for the year ended 31 March 2019, following the identification of historical accounting issues in its gears business unit, which is part of the torque transmission division.

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