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Violation Tracker UK Individual Case

Company: SDC (2012) Limited
Company City/Town: London
Company Nation/Region: England
Penalty: £19,005
Year: 2018
Date: 8 March, 2018
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: With the agreement of SDC (2012) Limitedof 173 Cleveland Street, LONDON, W1T 6QR, the Investigation Committee made an order that the firm be severely reprimanded, fined £16,650 and pay costs of £2,355 with respect to a complaint that the firm failed to comply with Ethical Standard 4 (Fees, Remuneration and Evaluation Policies, Litigation, Gifts and Hospitality) in that the firm failed to resign from the appointment when total audit fees for audit and non audit services had regularly exceeded 15% of the firm's annual fee income.
Action Type: agency action
Settlement Type: Consent Order
Agency: Institute of Chartered Accountants in England and Wales
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