Take note of the latest disciplinary cases to ensure you or your firm are not making similar mistakes.
Since the last update, six Tribunal Committee tribunal orders, five consent orders from the Conduct Committee, and two fixed penalty orders have been published.
Included within the latest published orders are the following:
- claiming expenses for ICAEW exam fees and training and study materials from their employer when those expenses had not been incurred; informing their employer that they had passed some ICAEW exams when they had not done so; and providing false information to ICAEW about which exams had been booked and paid for;
- failure to disclose in ICAEW annual returns over a period of six years that the firm had audit clients and had received income from providing audit services, in breach of Audit Regulation 2.10A and Audit Regulation 6.06;
- a breach of International Standard on Auditing (UK) 500 ‘Audit evidence’ in respect of the debtors’ balance disclosed in six years’ of financial statements, and a breach of section 10 of FRS 102 for one year for failing to include sufficient disclosures of prior period errors; and
- entering into an Individual Voluntary Arrangement.
Further details can be found on our Disciplinary Database or please visit our Public Hearings page.
Useful links
Please make use of the following resources to ensure you are up to date with the latest regulatory information and news.
