WANdisco Warns of Potential Fraud Days After US Listing Push (1)

WANdisco Plc, a UK enterprise software provider, warned it had uncovered “sophisticated” accounting irregularities days after the British software firm said it was considering listing in the US.

The company requested trading of its shares, which are listed on London’s Alternative Investment Market, be halted pending the outcome of an investigation with outside legal council, WANdisco said in a statement Thursday. The suspected irregularities were in regard to purchase orders from one senior salesperson, it said.

WANdisco’s senior executives found “potentially fraudulent irregularities” in booking software sales during an internal probe, leading the company to warn anticipated revenue for ...