‘A former auditor of scandal-hit insurance software firm Quindell has been fined £1m and reprimanded by the accounting watchdog for “misconduct” in its handling of the company’s finances. The Financial Reporting Council said Arrandco Audit, formerly known as RSM Tenon, failed to “exercise sufficient professional scepticism” and to ensure the company’s financial statements in the year to January 2011 were free from inaccuracies. One of its partners, Jeremy Filley, was also slapped with an £80,000 fine.’
Daily Telegraph, 23rd January 2018
Source: www.telegraph.co.uk
