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Violation Tracker UK Individual Case

Company: Fitzgerald & Law LLP
Company City/Town: London
Company Nation/Region: England
Penalty: £1,500
Year: 2016
Date: 29 November, 2016
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: Fitzgerald & Law LLP agreed to pay a regulatory penalty of £1,500, which was decided by the Audit Registration Committee. This was in view of the firm's admitted breach of Audit Regulations 2.03b and 3.01, in that: 1. the firm failed to ensure that the majority of the voting rights were held by audit qualified individuals or registered auditors between December 2014 and April 2016; and 2. a company connected to the firm acted as company secretary to 43 of the firm's audit clients between July 2013 and April 2016.
Action Type: agency action
Settlement Type: Audit Registration Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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