Price Bailey admits breach of ICAEW audit regulations
Top 50 firm
Price
Bailey has been fined by the ICAEW over its audit work.
The firm paid a
£1,500 penalty after admitting that audit reports that were signed off by a
partner who was not responsible for the work.
The penalty was decided by the audit registration committee.
Further reading:
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FRC’s auditor liability guidance is ‘balanced and
sensible’
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