Diane Jarvis 10 Year Exclusion Recommendation

The FT reports that Diane Jarvis, the former chief financial officer of Healthcare Locums, the staffing agency that suspended its shares in 2011 after discovering irregularities in its accounts, has settled with the UK accountancy watchdog.

The Financial Reporting Council said on Tuesday that Diane Jarvis had agreed to pay £25,000 as a contribution to costs and recommended that she was excluded from the Institute of Chartered Accountants in England and Wales for 10 years.

The FRC said that Ms Jarvis admitted that “her conduct fell significantly short of the standards to be expected of a member”, as she had dishonestly manipulated HCL’s management accounts to increase its apparent profitability.