Basic Search  |  Summaries  |  Advanced SearchCompany City/Town: Barking
Company Nation/Region: England
Penalty: £6,300
Year: 2019
Date: 9 April, 2019
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: Garrod Beckett & Company Ltd, has agreed to pay a regulatory penalty of £6,300, which was decided by the Audit Registration Committee. This was in view of the firm's admitted breaches of Audit Regulations 3.01, 6.06 and 3.10, in that the firm: 1. conducted an audit in circumstances where there was an insurmountable threat to independence due to fee dependency; 2. disclosed incorrect fees received from its largest audit client on its 2015 to 2017 annual returns; and 3. failed to arrange an independent cold file review since 2014.
Action Type: agency action
Settlement Type: Audit Registration Committee decision
Agency: Institute of Chartered Accountants in England and Wales
Source of Data: (click here)