January 23, 2018 / 7:17 AM / 7 months ago

BRIEF-UK's FRC Fines, Reprimands Audit Firm Arrandco Audit Ltd

Jan 23 (Reuters) - UK’s FRC:

* FINANCIAL REPORTING COUNCIL (FRC) HAS FINED AND REPRIMANDED AUDIT FIRM ARRANDCO AUDIT LTD

* ALSO FINED AUDIT ENGAGEMENT PARTNER JEREMY FILLEY, FOLLOWING AN INVESTIGATION OPENED IN AUGUST 2015

* ‍BOTH PARTIES ADMITTED MISCONDUCT IN RELATION TO AUDIT OF FINANCIAL STATEMENTS OF QUINDELL PORTFOLIO PLC AND QUINDELL LTD FOR FY ENDED 31 JANUARY 2011​

* ‍TENON TO RECEIVE A REPRIMAND AND A FINE OF £1 MILLION AS PER TERMS OF SETTLEMENT HAVE BEEN APPROVED BY A LEGAL MEMBER OF INDEPENDENT TRIBUNAL PANEL​ Further company coverage:

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