AADB puts Mazars under the spotlight
Mazars 'surprised' at Accountancy and Actuarial Discipline Board's investigation of Top 12 firm's advice to Threshers' pension fund
Mazars 'surprised' at Accountancy and Actuarial Discipline Board's investigation of Top 12 firm's advice to Threshers' pension fund
Mazars is being probed by accountancy watchdogs after a complaint from the Pensions Regulator regarding advice it provided to the retirement scheme of wine retailer Threshers.
After consultation with the ICAEW, the Accountancy and Actuarial Discipline Board said it had launched an investigation into the firm today.
The AADB said: ‘The Accountancy and Actuarial Discipline Board has launched an investigation under its Scheme for the accountancy profession into the conduct of Mazars LLP and of an individual in relation to the provision of advice to the Trustee of the First Quench Pension Fund in connection with an employer substitution.’
The AADB said the scope of the investigation was as follows:
‘The conduct of Members and a Member Firm in relation to:
The engagement of Mazars LLP to provide advice to the Trustee of the First Quench Pension Fund in respect of a proposed replacement of First Quench Retailing Limited as the sponsoring employer of the First Quench Pension Fund, and the advice given by Mazars LLP in that regard.’
Mazars said: ‘We are surprised at the AADB’s decision to launch an investigation into this matter.
‘We are confident that the advice provided was to the highest professional standards and we will of course fully cooperate with the AADB during the course of the investigation.
It would be inappropriate to make any further comment at this point.’
More about:
The numbers you crunch tell a story. Your expertis...
15yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe importance of the advisory role has increased substantially after the turbulent last few years Read More...
View articleAccountancy Age spoke with Mazars’ newly appointed audit partner, Andrew Jones, who outlined his reasoning behind taking the role and what he believes...
View articleAnalysis by Mazars shows annual interest payments will increase to £25.7bn straight away Read More...
View articleFollowing the release of the Brydon report, in which Sir Donald Brydon has made 64 recommendations on how to improve the troubled UK audit industry, A...
View articleThree major mid-sized firms have welcomed new partners into their offices, while an industry veteran retires from MHA Monahan. Read More...
View articleNew Partner will help Mazars expand its offering in the investigations market. Read More...
View articleThree Partners have joined as part of acquisition of healthcare accounting firm Hall Liddy. Read More...
View articleAccountancy Age held a webinar about what the accountancy industry should look out for in 2018 Read More...
View article