Questions Continue Over Quindell Plc (QPP) Accounting

The questions regarding potential slight of hand accounting at Quindell PLC (LON:QPP) (OTCMKTS:QUPPF) continue after the firm posted monster first half earnings but the stock fell over 10 percent, as previously reported in ValueWalk. The reason the stock fell on better than expected earnings was essentially trust issues over the quality of the earnings report, ValueWalk reported.

Concern in Quindell's accounting treatment

Now more of these earnings concerns are clarified.

An article in the Financial Times points out two major areas of concern in their accounting treatment of certain forward looking revenue assumptions. The most noticeable of these assumptions is accrual of future revenue...