FCA probes tech firm WANdisco over falsified accounts
Regulator probes firm that City feared would be another blow in its battle to secure IPOs
WANdisco founder David Richards, who stepped down as chief executive after accounting irregularities were revealed last month
Simon Dawson/Getty ImagesThe Financial Conduct Authority is investigating WANdisco after the UK software group overstated its revenues by almost $15m.
The probe marks the latest troubles for the firm, whose two top executives stepped down last month after a review into accounting discrepancies found that the $24m figure it posted in January for 2022 revenue should have been $9.7m.
The...
