Accountants may be fined over Semple collapse

Accountants may be fined over Semple collapse

Discplinary hearing begins

Scottish accountants and Big Four firm Deloitte may face fines over their
audit work at engineering group Semple Cochrane in 2000 after a hearing finally
begun at the Joint Disciplinary Scheme.

The JDS handles ‘public interest’’ disciplinary cases on behalf of the
English and Scottish chartered accountancy institutes.

In 2000 the engineer was forced to write down net assets by about £10m mainly
because of past profit overstatement.

The proceedings are being held against accountants David Crawford and
Marshall Miller, as well as their former colleague at Semple auditor Deloitte,
John (Ian) Durie.

A complaint has also been laid against Deloitte as a firm.

Related Articles

FRC fines reach record high after 24% increase this year

Audit FRC fines reach record high after 24% increase this year

21h Alia Shoaib, Reporter
PwC replaces Deloitte as Linklaters auditor after Arsenal lawsuit

Audit PwC replaces Deloitte as Linklaters auditor after Arsenal lawsuit

3d Alia Shoaib, Reporter
New FRC Corporate Governance Code focuses on culture and diversity

Audit New FRC Corporate Governance Code focuses on culture and diversity

4d Lucy Skoulding, Reporter
PwC ordered to pay $625.3m over failure to detect Colonial Bank fraud

Audit PwC ordered to pay $625.3m over failure to detect Colonial Bank fraud

2w Alia Shoaib, Reporter
FRC to investigate KPMG’s Conviviality audit

Audit FRC to investigate KPMG’s Conviviality audit

2w Alia Shoaib, Reporter
June news roundup with Alia Shoaib

Audit June news roundup with Alia Shoaib

3w Alia Shoaib, Reporter
FRC opens investigation into Deloitte’s audits of SIG

Audit FRC opens investigation into Deloitte’s audits of SIG

3w Alia Shoaib, Reporter
PwC auditor spent just two hours on BHS audit, says chairman

Audit PwC auditor spent just two hours on BHS audit, says chairman

4w Alia Shoaib, Reporter