Director frozen out: What to do next
An AccountingWEB member faced a dilemma when his company accountant refused to deal with financial irregularities he noticed.
Shunt13 posted on Any Answers for advice on appointing an external auditor to the company, in which he had a 50% stake.
His co-director was also unwilling to acknowledge irregularities which included £18,000 in overdrafts run up over the last four years. In Shunt13's view, the company accountant had a close relationship with the other director and was working “in cahoots” with him.
“I got abused, screamed at, it has been really unpleasant,” said the AccountingWEB member, who has been kept at arms-length from the accounts.