RegulationAccounting StandardsICAEW fines Grant Thornton over audit sign-offs

ICAEW fines Grant Thornton over audit sign-offs

Grant Thornton agrees to pay fines and costs over failing to sign off audit reports by a 'responsible individual' of the firm

Grant Thornton has agreed to pay nearly £6,000 in fines and costs after it
failed to correctly sign off 43 audit reports.

The firm agreed to pay a £2,500 fine and £3,410 in a consent order with the
ICAEW’s investigation committee after issuing 43 audit reports that had not been
signed off by a responsible individual of the firm, contravening audit
regulation 4.05.

Andrew Turpin of business recovery specialists P&A Partnership was
ordered to pay a regulatory penalty of £1000 for drawing unauthorised
remuneration although it was subsequently approved, found the ICAEW’s insolvency
licensing committee in its latest batch of disciplinary orders and regulatory
decisions.

Further reading:

E&Y appeals against ruling in
Equitable Life case

Mazars comes out fighting as AADB announces
probe

Visit
the ICAEW

Related Articles

Watchdog launches audit investigation into Sports Direct

Accounting Firms Watchdog launches audit investigation into Sports Direct

1y Stephanie Wix, Writer
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter
AAYP 2016: Five key skills auditors will need in the future

Accounting Standards AAYP 2016: Five key skills auditors will need in the future

2y Acccountancy Age
EY dominates table of best school leaver employers

Accounting Standards EY dominates table of best school leaver employers

2y Chris Warmoll, Writer
Friday Afternoon Live: ACCA's impending AGM + ICAS/CIPFA love-in

Accounting Firms Friday Afternoon Live: ACCA's impending AGM + ICAS/CIPFA love-in

2y Kevin Reed, Writer
The Financial Power List 2015

Accounting Firms The Financial Power List 2015

3y Accountancy Age, Reporters
The Financial Power List 2014

Accounting Firms The Financial Power List 2014

4y Accountancy Age, Reporters
Fifth of voters against ICAEW fee increase

Accounting Standards Fifth of voters against ICAEW fee increase

6y Calum Fuller, Reporter