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Violation Tracker UK Individual Case

Company: Thorne Widgery Accountancy Ltd
Company City/Town: Hereford
Company Nation/Region: England
Penalty: £12,067
Year: 2018
Date: 13 November, 2018
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: With the agreement of Thorne Widgery Accountancy Ltd of Hereford, United Kingdom, the Investigation Committee made an order that the firm be severely reprimanded, fined £8,000 and pay costs of £4,067 with respect to a complaint that: On 1 November 2017 Thorne Widgery Accountancy Ltd signed an unqualified audit report in respect of the financial statements of X for the year ended 31 March 2017 when conditions and relationships existed which would make it probable that an objective, reasonable and informed third party would conclude that the independence of the firm was compromised, in breach of the FRC's Revised Ethical Standard 2016.
Action Type: agency action
Settlement Type: Consent Order
Agency: Institute of Chartered Accountants in England and Wales
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