This article popped up on my news feed over here in the UK, suggests that Quindell's accounting policies were "largely acceptable but are at the aggressive end of acceptable practice.
This stock has always worried me from a balance sheet perspective, with WIP and debtors well over 1.5x revenue. But I said this all the way from $2 so I guess jokes on me!
http://www.financialdirector.co.uk/...ium=Email&utm_source=FD.DCM.Scheduled_Updates