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Lookers’ Audi probe underlines importance of financial controls

Lookers’ Audi probe underlines importance of financial controls

Car dealer group Lookers (LOOK) last week announced that it was delaying its 2019 annual results for a fourth time, as it widened an investigation into its financial controls. Lookers' shares were suspended in July after auditors were unable to finalise their appraisal of its 2019 results by the Financial Conduct Authority’s (FCA) 30 June deadline.

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