|
|
13 Nov 2012
AN INVESTIGATION into the conduct of a member of ICAS in connection with the financial statements of the Equitable Life Assurance Society in 1999 has been closed by the FRC's disciplinary board.
In a statement issued by the FRC, the AADB said that, following the conclusion of the investigation, it decided there is "no realistic prospect that a tribunal would make an adverse finding against the accountant concerned".
Further reading
Consequently, no further action will be taken and the case will be closed.
The investigation focused on the provision by the member of information for use by the Financial Reporting Review Panel.
In August, the FRC closed an investigation into the conduct of an Ernst & Young actuary in connection with the audits of Equitable Life.
You may also like
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
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
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