UK regulator investigates accountant over reporting issues at Vistry South division

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Investing.com – The UK Financial Reporting Council has launched an investigation into two accountants, focusing on the forecasts and financial reports of Vistry’s (LON:VTYV) southern division for the 2023 and 2024 fiscal years.

The Financial Reporting Council announced the investigation on Tuesday, with particular attention to how these two individuals handled the division’s financial reporting during the specified period.

Vistry has not immediately commented on the investigation.

After a challenging year, the homebuilder has decided not to pay dividends in 2024. During this period, Vistry issued three profit warnings, restructured its operations, and faced difficulties in cost control.

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