RSM Bentley Jennison has been fined £5,000 and severely reprimanded after faiing to deal with clients as if they needed statutory audits.
The ICAEW brought disciplinary action after the firm provided 28 Accountants’ Reports for clients who were not exempt from audit.
A statement from the ICAEW said: “RSM Bentley Jennison incorrectly issued 28 Accountants’ Reports in respect of the financial statements for 21 companies when they did not meet the conditions for exemption from audit under section 249(A) of the Companies Act 1985.”
The firm also had to pay £1,642 in costs.
Bentley Jennison merged last year to become part of RSM Tenon.
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