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SOFTWARE (NON-INTERNET/MOBILE)
paisley.com

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Founded Year

1995

Stage

Series A | Alive

Total Raised

$10M

Last Raised

$10M | 18 yrs ago

About Paisley

Paisley is a software vendor that aims to provide solutions for governance, risk and compliance including financial controls management, internal audit, operational risk management, compliance, IT governance, and enterprise risk management. Paisley's solutions are intended to allow organizations to streamline governance, risk, and compliance processes, reduces costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.

Paisley Headquarter Location

400 Cokato Street East

Cokato, Minnesota, 55321,

United States

320-286-5870

Latest Paisley News

Paisley housing association slated by watchdogs due to severe financial irregularities

Mar 11, 2016

Paisley housing association slated by watchdogs due to severe financial irregularities 10:59, 11 Mar 2016 A Paisley housing association has been slated by watchdogs after the discovery of severe financial irregularities. Shares Get daily news by email Invalid e-mail Thanks for subscribing!Could not subscribe, try again later Liz Whitehill A Paisley housing association has been slated by watchdogs after the discovery of severe financial irregularities. The Scottish Housing Regulator tore a strip off Ferguslie Park Housing Association after money vanished from its books without proper authorisation. And the watchdog has appointed four new outside bosses to the landlord’s leadership team for an initial six- month stretch to help the organisation clean up its act. The regulator found that Ferguslie Park Housing Association, which owns 809 homes and employs around 15 staff, had “serious weaknesses” in its governance and management of its finances. The social landlord commissioned an independent investigation, which uncovered several issues including “inappropriate” payments made without the correct authorisation. External auditors then notified the regulator about the inappropriate payments. The regulation plan published by the Scottish Housing Regulator said: “We consider these areas of concern pose significant risks to the interests of tenants, to public and private funders’ confidence and to the reputation of registered social landlords. “We have decided to use our statutory powers to appoint a manager to Ferguslie Park under section 58 of the Housing (Scotland) Act 2010. We have also decided to use our statutory powers under section 65 of the Housing (Scotland) Act 2010 to appoint three additional members to Ferguslie Park’s governing body.” The new appointed manager is Paul Rydquist and he will head up the team to address the “serious risks” in its management, put in place controls to ensure financial transparency and carry out a root and branch review. Christine Macleod, director of regulation at the Scottish Housing Regulator, said: “Our priority is to protect the interests of tenants, the confidence of public and private funders and the good reputation of registered social landlords. “The issues at Ferguslie Park are serious. Appointing a manager and strengthening the governing body are proportionate and effective actions to ensure the association addresses the weaknesses in its governance and financial management.” The watchdog said that FPHA has recognised the serious nature of the issues and is working openly with the regulator to address the weaknesses. Liz Whitehill, acting director at FPHA said: “Ferguslie Park is working positively and openly with the Scottish Housing Regulator to deal with any issues and concerns. “We are determined to address any problems head on, and to work in co-operation with the appointees to do this. We want Ferguslie Park Housing Association to emerge a fitter and stronger organisation as a result of this process.” TheScottishDailyRecord Recently Published

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