|
|
08 Jul 2008
Horwath Clark Whitehill has been reprimanded by the ICAEW Investigation Committee over a property audit.
The top 20 firm was fined £35,000 and ordered to pay costs of over £16,000 for audit mistakes over three years.
HCW failed to obtain appropriate audit evidence before making reasonable conclusions in regards to the company's leasehold property, sundry debtors and prepayments.
The committee added that the 2000, 2001 and 2002 audits had not been conducted in accordance with the Statement of Auditing Standards 400.
Horwath Clark Whitehill said in a statement: 'The audit engagements were undertaken a number of years ago and Horwath Clark Whitehill accepts the Institute's ruling.'
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment