Outlook Meeting: Changed Times not Appearing on iPhone

I have an iPhone 5 and receive many meeting requests from Outlook users. There are MANY issues with Mail in the iPhone as it pertains to Outlook. However I will restrict my comment here to one issue that just occured.

A meeting was scheduled. .ICS file received and accepted.

The meeting time was then CHANGED to the following day.

New .ICS file received. However in viewing it on my phone the NEW MEETING time did not apprear. Rather the phone only 'saw' the old time. In reviewing the meeting request on a PC. Two times appeared. One crossed out and the new time next to it. On my MacBook pro using Mail the meeting also populated correctly.

As an aside - both MacBook and Outlook on PC had the correct time.

In my iPhone it was as I noted on the wrong day (and to add insult to injury) also the wrong time. And yes I have the correct settings (x2) configured in my phone to ensure this does not happen.

Anyone else with this issue?

Look forward to your thoughts.

Jason