Ernst & Young has
been fined £40,000 for issuing two audits without obtaining sufficient evidence
on which to base their unqualified audit decisions.
The ICAEW fined the firm and ordered it to pay costs of £17,020 for issuing
audit opinions on company X for its year ends 31 December 2000 and 2001without
sufficient appropriate evidence.
The firm agreed to the decision as part of a consent order.
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
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
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