PracticeAccounting FirmsTop50 +50 firms face ICAEW audit fines

Top50 +50 firms face ICAEW audit fines

Beever and Struthers, and Price Bailey, agree to ICAEW audit regulatory penalties

Top50 +50 firms face ICAEW audit fines

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.

Related Articles

New boss and office on the south coast for Smith & Williamson

Accounting Firms New boss and office on the south coast for Smith & Williamson

11m Kevin Reed, Writer
Wilkins Kennedy joins Allinial Global but reaffirms IAPA relationship

Accounting Firms Wilkins Kennedy joins Allinial Global but reaffirms IAPA relationship

12m Stephanie Wix, Writer
Friday Afternoon Live: Xero's 'code of conduct'; British Accountancy Awards; and Top 50+50

Accounting Firms Friday Afternoon Live: Xero's 'code of conduct'; British Accountancy Awards; and Top 50+50

1y Kevin Reed, Writer
Jeffreys Henry promotes Sachin Ramaiya to partner

Accounting Firms Jeffreys Henry promotes Sachin Ramaiya to partner

1y Richard Crump, Writer
How accountancy firms are responding to Brexit

Accounting Firms How accountancy firms are responding to Brexit

1y Michelle Pery
Cowgill Holloway concludes sale of film distributor Metrodome

Accounting Firms Cowgill Holloway concludes sale of film distributor Metrodome

1y Richard Crump, Writer
Jeffreys Henry promotes Justin Randall to managing partner

Accounting Firms Jeffreys Henry promotes Justin Randall to managing partner

1y Richard Crump, Writer
UHY Hacker Young appoints new partner in London Office

Accounting Firms UHY Hacker Young appoints new partner in London Office

1y Richard Crump, Writer