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Violation Tracker UK Individual Case

Company: Hayward Wright Ltd
Company City/Town: Redditch
Company Nation/Region: England
Penalty: £8,000
Year: 2017
Date: 10 November, 2017
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: Hayward Wright Ltd, 4 Clews Road, Redditch, Worcestershire, B98 7ST, has agreed to pay a regulatory penalty of £8,000, which was decided by the Audit Registration Committee. This was in view of the firm's admitted breach of a restriction imposed under audit regulation 7.01 in that the firm accepted three audit appointments without seeking prior approval from the ARC and for its breach of audit regulation 6.06 for failing to disclose these clients on its 2014 and 2015 annual returns.
Action Type: agency action
Settlement Type: Audit Registration Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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