WH Smith Board Backs CEO as It Probes Accounting Errors: FT

WH Smith’s board has decided to stand by chief executive Carl Cowling while it awaits the findings of a probe into a profit overstatement, the Financial Times reports.

• WH Smith expects the probe, which is being conducted by Deloitte, to take between six and eight weeks, FT reports, citing three unidentified people familiar with the matter
  • Allows co. to present the outcome alongside its full-year results in November
• NOTE: WH Smith Plunges After Accounting Error Hits Profit Outlook

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