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Violation Tracker UK Individual Case

Company: G. Spratt Accountancy Limited
Company City/Town: Dunbar
Company Nation/Region: Scotland
Penalty: £4,500
Year: 2021
Date: 16 June, 2021
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: The owner of G. Spratt Accountancy agreed to pay a Practice Assurance penalty of £4,500, which was decided by the Practice Assurance Committee. This was in view of his admitted breach of the Clients' Money Regulations, by receiving client money into his firm's office bank account; and for his failure to notify ICAEW of the appointment of X as a director of the firm within 10 business days in breach of Practice Assurance Regulation 9 (2008 Regulations) and for his firm using the description Chartered Accountants between 13 October 2009 and 5 June 2020 when not eligible to do so.
Action Type: agency action
Settlement Type: Practice Assurance Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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