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Violation Tracker UK Individual Case

Company: Mazars LLP
Current Parent CompanyMazars LLP
Parent at the Time of the Penalty Announcement: Mazars LLP
Company City/Town: London
Company Nation/Region: England
Penalty: £27,905
Year: 2016
Date: 17 November, 2016
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: With the agreement of Mazars LLP of Tower Bridge House, St Katherine's Way, London, E1W 1DD, the Investigation Committee made an order thatt he firm be severely reprimanded, fined £22,500 and pay costs of £5,405 with respect to a complaint that it issued an audit opinion in breach of Audit Regulation 3.02 in that the firm failed to apply appropriate safeguards to eliminate or reduce to an acceptable level a threat to the firm's independence and objectivity arising from the appointment on 3 May 2013 of a former partner in Mazars LLP that might have been in the firm's chain of command as a director of the audited entity.
Action Type: agency action
Settlement Type: Consent Order
Agency: Institute of Chartered Accountants in England and Wales
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: privately held
Major Industry of Parent: business services
Specific Industry of Parent: accounting services
Source of Data(click here)