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Violation Tracker UK Individual Case

Company: Hodgsons
Company City/Town: Launceston
Company Nation/Region: England
Penalty: £7,500
Year: 2018
Date: 28 September, 2018
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: Hodgsons,12 Southgate Street, Launceston, PL15 9DP, has agreed to pay a regulatory penalty of £7,500, which was decided by the Audit Registration Committee. This was in view of the firm's admitted breach of Audit Regulation 3.01, by continuing to act as auditors of two clients in the three years immediately after a principal in the firm, who continued to be a consultant to the firm, became director of the clients, contrary to APB Ethical Standard 2.
Action Type: agency action
Settlement Type: Audit Registration Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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