No fines have been received under the Statutory Auditors and Third Country Auditors Regulations 2016.
We are informed by the Financial Reporting Council (FRC) that the following fines were imposed under the FRC’s accountancy scheme from 2012 to 2016 and passed to the participating body which met the related case costs. (The table does not include the costs that were awarded to the bodies in relation to specific cases or the contributions to case costs by the participating bodies overall.)
Total fines Received
Fines passed to the accountancy bodies
ICAEW: The Institute of Chartered Accountants in England and Wales
CIMA: The Chartered Institute of Management Accountants
CAI: Chartered Accountants Ireland