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Violation Tracker UK Individual Case

Company: Cowgill Holloway LLP
Company City/Town: Bolton
Company Nation/Region: England
Penalty: £14,000
Year: 2021
Date: 24 June, 2021
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: Cowgill Holloway LLP, Bolton, United Kingdom, has agreed to pay a regulatory penalty of £14,000, which was decided by the Audit Registration Committee. This was in view of the firm's admitted breach of FRC Ethical Standard 2016 (and therefore audit regulation 3.01), for three principals of the firm, including the Responsible Individual, entering into a material business relationship with an audit client.
Action Type: agency action
Settlement Type: Audit Registration Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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