The hearing was scheduled to run over two days, with a decision from the court initially expected late today. But after only a few hours of deliberation the Court made it clear to the Big Four firm that it was unlikely to grant leave to appeal.
Chris Dickson, executive Counsel at the JDS said he was ‘very surprised that the case finished so early,’ but was ‘very pleased’ none the less so he could get started on the investigation. ‘The target is to finish by the first half of next year,’ said Dickson.
Should the JDS find a case for disciplinary action, there are a number of courses that could be taken. Action can be brought against the firm, resulting in an unlimited fine, the individuals involved, resulting in an unlimited fine and exclusion from the profession, or both, or indeed, neither.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars