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FRC sanctions Baker Tilly auditors after Tanfield probe

FRC sanctions Baker Tilly auditors after Tanfield probe

Baker Tilly UK Audit, now part of RSM, has been reprimanded and fined £750,000 following the conclusion of a Financial Reporting Council (FRC) investigation into the audit of the financial statements of Tanfield Group and two of its subsidiaries for the year ended 31 December 2007.

  • Shared by Accountancy Daily
  • April 16, 2019
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Richard King, who was the engagement partner for the audits of Tanfield Group, received a reprimand and a fine of £30,000, and Steven Railton, who was the engagement partner for the two subsidiaries under investigation, was reprimanded and fined £35,000. The tribunal also made a costs order against Baker Tilly.

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