BusinessCompany NewsICAEW slaps HCW on the wrists

ICAEW slaps HCW on the wrists

Horwath Clark Whitehill fined £2,500 by the ICAEW

Top 50 firm Horwath Clark
Whitehill
has been fined £2,500 by the
ICAEW over improper
procedures in carrying out a share valuation on behalf of a client.

The firm agreed with an ICAEW investigation committee that in carrying out a
valuation of a holding of 2,000 shares at £1 each, in an unnamed client, it
failed to perform adequate procedures to ensure there was a proper basis for the
valuation. HCW was reprimanded, fined £2,500 and ordered to pay costs of £3,701.

Andrew Pianca, chief executive of HCW, said it had made changes to
procedures. ‘We have accepted the institute ruling and additional checks have
now been built in to avoid repetition.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor