Violation Tracker UK Individual Case

Company: RSM UK Audit LLP
Current Parent Company: RSM Group
Penalty: £104,300
Year: 2020
Date: 1 May, 2020
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: RSM UK Audit accepted an order of severe reprimand, with a financial penalty in the sum of £75,000 and a requirement to pay £29,300 towards the costs after the ICAS Investigation Committee has found it guilty of professional incompetence and of failing to adhere to the Regulations governing the regulation of Firms concerning auditing of a company's financial statements that failed to identify errors.
Action Type: agency action
Settlement Type: Consent Order
Agency: Institute of Chartered Accountants of Scotland
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: privately held
Major Industry of Parent: business services
Specific Industry of Parent: accounting
Source of Data: (click here)