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Showing 1-7 of 7 results
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KPMG fined over £3m for Rolls-Royce audit failings
... agreement with the SFO and paid £497.25m. Failure to exercise professional scepticism KPMG accepted that it failed ... This, the regulator ruled, amounted to serious failures to exercise professional scepticism, to obtain sufficient, ...
24th May 2022 | Article -
HMRC’s heavy-handed approach in EBT case pays off
... route for seeking redress against an unreasonable exercise of HMRC’s discretion lies via judicial review, no ... take priority. Taxpayers who wish to challenge HMRC’s exercise of its powers should not attempt to do so via the ...
20th May 2022 | Article -
Autonomy: Anatomy of a corporate fraud
... Deloitte and its engagement partners for failing to exercise adequate professional scepticism about the sales and ... than they sought. “The calculation of loss remains an exercise of assessing proper compensation, not meting out ...
25th May 2022 | Article -
Director forced to pay his company’s tax debt
... (plus interest) in unpaid PAYE. HMRC decided to exercise its right to allocate this debt to Eames via a ... was passed to him. Series offender Part of the decision to exercise s121C was due to Eames’ business history. Prior to ...
10th May 2022 | Article -
Deloitte fined £2m over Mitie audit failures
... up Deloitte over its failure to challenge management and exercise sufficient professional scepticism over the ...
21st Apr 2022 | Article -
Caution urged on data protection breach claims
... “Prudence is the inclusion of a degree of caution in the exercise of the judgements needed in making the estimates ... liabilities or expenses are not understated. However, the exercise of prudence does not allow the deliberate ...
5th Apr 2022 | Article