NHS computer systems contractor agrees to pay $190m penalty

Computer Sciences Corporation acknowledges accounting errors relating to assumptions made about progress on long-term UK health service contracts

A leading contractor on the ill-fated multibillion-pound programme to overhaul NHS computer systems over the last ten years has agreed to pay US regulators a $190m (£120m) penalty to settle allegations it broke stockmarket reporting laws by overstating past profits from UK health service contracts.

Computer Sciences Corporation, which is listed on the New York stock exchange, confirmed in a statement to investors there had been accounting errors from 2009 to 2012 relating to assumptions made about progress on its long-term NHS contracts. Revised annual reports are expected to be filed shortly.

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via Business Feeds

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