Grant Thornton agrees to pay fines and costs over failing to sign off audit reports by a 'responsible individual' of the firm
Accountancy Age, 07 Jul 2009
Grant Thornton has agreed to pay nearly £6,000 in fines and costs after it failed to correctly sign off 43 audit reports.
The firm agreed to pay a £2,500 fine and £3,410 in a consent order with the ICAEW's investigation committee after issuing 43 audit reports that had not been signed off by a responsible individual of the firm, contravening audit regulation 4.05.
Andrew Turpin of business recovery specialists P&A Partnership was ordered to pay a regulatory penalty of £1000 for drawing unauthorised remuneration although it was subsequently approved, found the ICAEW's insolvency licensing committee in its latest batch of disciplinary orders and regulatory decisions.
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