Complaints have been laid against the chartered accountant over his responsibilities in relation to the management of Barings Future (Singapore) Limited during the period in which rogue trader Nick Leeson’s activities brought about the end of the UK’s oldest merchant bank.
An independent tribunal will be appointed to hear the complaints. If it upholds them, the tribunal has the power to impose a fine or a period of disqualification from the profession.
The complaints also include matters relating to the accuracy of statements made by him in a representation letter to Deloitte & Touche during the 1993 audit and the 1994 internal audit report into BFS.
Links – other Barings stories
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel