Complaints laid against ex-Versailles auditor
A joint disciplinary tribunal is to be appointed to hear complaints against Nunn Hayward, the former auditor of collapsed trade finance company Versailles.
This follows the completion of an investigation undertaken by Christopher Dickson, the executive counsel to the Joint Disciplinary Scheme.
The JDS has laid complaints against Nunn Hayward concerning the sending of letters of comfort to Versailles’s directors, which it alleges, breached Fundamental Principle 1 of the ICAEW’s Guide to Professional Ethics.
Complaints were also laid concerning Nunn Hayward’s audit of Versailles’s accounts in 1998 and 1999 and the alleged failure to perform its professional work with ‘due skill, care and diligence, and with proper regard for the technical and professional standards expected of chartered accountants’.
Another former auditor of Versailles, Thomas Peter Dales, was excluded from the ICAEW last year, in relation to his role as reporting accountant at the company.