ICAEW cuts fine for auditor's 'trivial' offences
An accountant has succeeded in an appeal to get his ICAEW disciplinary sanctions for breaching audit regulations reduced.
Timothy Ross Anderson from Knutsford, Cheshire had originally been severely reprimanded and fined £6,675 in 2013 for carrying out audits without arranging external hot file reviews.
Over the course of three years, he incorrectly stated on the firm’s practice assurance annual returns in January 2010 and 2011 that his firm kept a record of the audit compliance reviews, showing work done and results.
In reality, he hadn’t kept a record and only informal reviews had been carried out.
Anderson appealed the ICAEW sanctions on three grounds...