ICAEW Fines Grant Thornton Over Audit Sign-Offs
Friday, July 10, 2009
Grant Thornton agress to pay fines and costs over failing to sign off audit reports by a 'responsible individual' of the firm Grant Thornton has agreed to pay nearly £6,000 in fines and costs after it failed to correctly sign off 43 audit reports.
The firm agreed to pay a £2,500 fine and £3,410 in a consent order with the ICAEW's investigation committee after issuing 43 audit reports that had not been signed off by a responsible individual of the firm, contravening audit regulation 4.05.
Andrew Turpin of business recovery specialists P&A Partnership was ordered to pay a regulatory penalty of £1000 for drawing unauthorised remuneration although it was subsequently approved, found the ICAEW's insolvency licensing committee in its latest batch of disciplinary orders and regulatory decisions.
The firm agreed to pay a £2,500 fine and £3,410 in a consent order with the ICAEW's investigation committee after issuing 43 audit reports that had not been signed off by a responsible individual of the firm, contravening audit regulation 4.05.
Andrew Turpin of business recovery specialists P&A Partnership was ordered to pay a regulatory penalty of £1000 for drawing unauthorised remuneration although it was subsequently approved, found the ICAEW's insolvency licensing committee in its latest batch of disciplinary orders and regulatory decisions.
Labels: Grant Thornton, ICAEW, ICAP
posted @ 11:28 AM,
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