uk iconUK

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
smsfadviser logo
Post Office settle IT accounting failures

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

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox