Swc Accounting System Questioned By Dca

DCA's inspection report is based on perceived irregularities in Shaw Wallace's annual reports for the last four accounting years.

This stems from what the report sees as invalid increases in the company's working capital requirements, sundry debtors, miscellaneous expenditure and certain brand promotion

expenses.

An official SWC spokesman, when contacted, said that since similar charges levelled in an earlier report filed by Department of Company Affairs have been responded to, and refuted