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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
Penalty: £250,000
Year: 2022
Date: 5 January, 2022
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: Pursuant to the Auditor Regulatory Sanctions Procedure, the FRC's Enforcement Committee concluded that Mazars LLP failed to comply with the Regulatory Framework for Auditing in its audit of a local government authority's 2019 financial statements. The Committee issued a Notice of Proposed Sanction proposing a Regulatory Penalty of £314,000, adjusted by a discount of 20% for co-operation and admissions to £250,000. The Sanction was accepted by Mazars.
Action Type: agency action
Agency: Financial Reporting Council
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)