TWO TOP 50 +50 FIRMS have been fined thousands of pounds by the ICAEW’s Audit Registration committee, in the institute’s latest round of disciplinaries.
Beever and Struthers has agreed to pay a £5,750 regulatory penalty, after partners in its Blackburn office acted as trustees for four trusts whose major assets were shares in audit clients of the firm.
Price Bailey agreed to pay £3,500 as a person in a position to influence the conduct and outcome of the audit acted as trustee in a trust that held a financial interest in an audit client that was material to the trust, between 2008 and 2011.
Also penalised was ma2 Limited, a Clevelys-based firm that paid a £1,000 penalty due to failing to accurately complete annual returns in 2009, 2010 and 2011.
Under the deal, Blick Rothernberg will sit within HgCapital’s Services sector but will retain its name and way of doing business
Despite concerns over the viability of BHS, advisers including Grant Thornton were paid in the millions of pounds for their roles, according to the Work and Pensions and Business, Innovation and Skills Select Committees
The UK’s decision to leave the EU has raised questions about whether the FRC's regulatory framework should change in the future
Most firms set up ‘emergency’ Brexit task forces within hours of the ‘leave’ result announcement, but how are they responding now?