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Violation Tracker UK Individual Case

Company: CAP Accountancy Limited
Company City/Town: Stockport
Company Nation/Region: England
Penalty: £700
Year: 2020
Date: 16 June, 2020
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: The owner of CAP Accountancy of Stockport, United Kingdom agreed to pay a practice assurance penalty of £700, which was decided by the Practice Assurance Committee. The Committee decided to offer them a Practice Assurance penalty under PA Regulation 35, for a breach of Practice Assurance Regulation 4(2008 Regulations); in that they failed to comply with a written assurance given in respect of: failure to send all clients of CAP Accountancy Limited and CAP details of the firms' fees and complaints and failure to carry out and document AML risk assessments for all clients of CAP Accountancy Limited and CAP or document regular ongoing reviews.
Action Type: agency action
Settlement Type: Practice Assurance Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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