April 11 (Reuters) - Wesfarmers Ltd WES.AX :
* Says target update - supplier rebate arrangements investigation
* Number of supply arrangements amounting to less than $3 million were found to not comply strictly with group's accounting policies
* Target is now working with suppliers to unwind the arrangements"
* For full financial year to 30 June, arrangements would have had a negligible impact on the group's and target's financial results
* Appropriate action is being taken against the target employees who were found to be directly involved
* Identified that the full arrangements were not disclosed to Wesfarmers or its auditors"
* In March, brought to management's attention that accounting treatment of target supplier arrangements negotiated in December required scrutiny
* Source text for Eikon ID:nASX3ccnF8
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