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The council, which has the powers to fine and strike off accountants, has confirmed it is still investigating the conduct of 'members holding executive or non-executive directorships of iSoft Group PLC in the relevant period'.
Technology-enabled business solutions and services provider CSC (NYSE:CSC) said on Tuesday that it has received unconditional clearance from the European Commission for its planned acquisition of iSOFT Group Limited (ASX:ISF), a health information technology company.
The deal, announced in April and expected to wrap up in the second quarter of fiscal 2012, will convert CSC into a global leader in healthcare IT, while ensuring further growth for iSOFT, the companies said then.Country: , AustraliaSector: Healthcare, Computer SoftwareTarget: iSOFT Group LimitedBuyer: Computer Sciences Corporation (CSC)Deal size in USD: 188mType: Corporate acquisitionStatus: Agreed
Under the proposed acquisition, iSOFT shareholders will receive A$0.17 in cash per share.
The complementary product lines between Picis and iSOFT were a significant factor in establishing this alliance.
Isoft has been looking for a buyer since it ran into delays and cost overruns with the NHS software programme, known as the National Programme for IT (NPfIT).
CompuGroup planned to sell parts of iSoft's UK businesses working on a new pounds 12bn NHS patient records database to US company Computer Sciences Corporation (CSC), the firm which subcontracts the NHS work to iSoft.
Computer Sciences Corporation (CSC), the company responsible for subcontracting NHS work to iSoft, has vetoed a pounds 132.3m bid for the business from Australian firm IBA Health.
While discussions with several parties - both trade and private equity firms - are well advanced, iSoft said the process had been delayed because of the need for extensive consultation in respect of its NHS IT work.
Shares were up by more than 10 per cent after a report that at least three final-stage bidders were in the process of being vetted by Computer Sciences Corporation, the firm responsible for subcontracting NHS work to iSoft.
The Accountancy Investigation and Discipline Board said it would question former iSoft directors and auditor RSM Robson Rhodes over financial statements the company issued between 2003 and 2005.
Cryne's firm iSoft, a specialist in healthcare systems, was awarded a pounds 300million contract to work on the NHS computer project in January 2004.