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Violation Tracker UK Individual Case

Company: MGR Weston Kay LLP
Company City/Town: London
Company Nation/Region: England
Penalty: £2,100
Year: 2021
Date: 17 March, 2021
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: MGR Weston Kay LLP, London, United Kingdom, has agreed to pay a regulatory penalty of £2,100, which was decided by the Audit Registration Committee. This was in view of the firm's admitted breach of audit regulations 2.03b and 2.07, for its failure to ensure that it was eligible to hold registration, in that the majority of voting rights were not held by individuals with an appropriate qualification or a registered auditor, and for signing audit reports and SRAARs assignments whilst ineligible.
Action Type: agency action
Settlement Type: Audit Registration Committee decision
Agency: Institute of Chartered Accountants in England and Wales
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