Top 50 firm fined over audit work

Price Bailey admits breach of ICAEW audit regulations

Written by Kevin Reed

Top 50 firm Price Bailey has been fined by the ICAEW over its audit work.

The firm paid a £1,500 penalty after admitting that audit reports that were signed off by a partner who was not responsible for the work.

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The penalty was decided by the audit registration committee.

Further reading:

Ex-BDO director loses job after PCAOB action

FRC's auditor liability guidance is 'balanced and sensible'

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