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Post Office pays £58m to settle IT accounting failures

The Post Office has agreed to pay £58m to settle a long running legal case brought by a group of sub postmasters who faced charges of fraud which they said were down to problems with a new computerised accounting system.

Post Office pays £58m to settle IT accounting failures
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Post Office settle IT accounting failures
  • Shared by Accountancy Daily
  • December 13, 2019
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A group of over 500 former sub-postmasters have been involved in a series of trials relating to claims that the Post Office incorrectly and unfairly held them responsible for accounting discrepancies, which they held were due to failings with the Post Office’s Horizon IT system, introduced around 2000.

Read more at the Accountancy Daily

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