{"id":4284,"date":"2009-07-09T19:30:12","date_gmt":"2009-07-09T17:30:12","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=4284"},"modified":"2009-07-09T19:30:12","modified_gmt":"2009-07-09T17:30:12","slug":"did-the-icaew-ask-the-right-question","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2009\/07\/09\/did-the-icaew-ask-the-right-question\/","title":{"rendered":"Did the ICAEW ask the right question?"},"content":{"rendered":"<p><a href=\"http:\/\/www.accountancyage.com\/accountancyage\/news\/2245542\/icaew-fines-grant-thornton\">ICAEW fines Grant Thornton over audit sign-offs - Accountancy Age<\/a>.<\/p>\n<blockquote><p>Grant Thornton has agreed to pay nearly \u00a36,000 in fines and costs after it failed to correctly sign off 43 audit reports.<\/p>\n<p>The firm agreed to pay a \u00a32,500 fine and \u00a33,410 in a consent order with the ICAEW's investigation committee after issuing 43 audit reports that had not been signed off by a responsible individual of the firm, contravening audit regulation 4.05.<\/p><\/blockquote>\n<p>If the wrong person signed the audits shouldn't the ICAEW have actually been asking if the audits had been done proeprly?<\/p>\n<p>Wouldn't that have been the obvious next question?<\/p>\n<p>Apparently not to the ICAEW.<\/p>\n<p>No wonder accountancty is in a mess. Just fine \u00a3139 a time - less than a manager's rate for an hour probably - and let GT carry on as before.<\/p>\n<p>I despair.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICAEW fines Grant Thornton over audit sign-offs &#8211; Accountancy Age. Grant Thornton has agreed to pay nearly \u00a36,000 in fines and costs after it failed<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2009\/07\/09\/did-the-icaew-ask-the-right-question\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-4284","post","type-post","status-publish","format-standard","hentry","category-accountancy"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/4284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=4284"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/4284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=4284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=4284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=4284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}