The Accountancy and Actuarial Discipline Board (AADB) has launched a consultation called Sanctions Guidance to Tribunals that could see disciplinary fines linked to turnover.
Under the proposals tribunals will be encouraged to base their fines on a percentage of the entire firm’s turnover, which could considerably increase the size of a fine. The AADB said the guidance includes proposals for calculating fines, “which in some cases is likely to lead to higher fines than has been the case in the past.”
About Robert Lovell
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