Accounting & Finance

16 February 2018

Directorships in the financial or insurance sector: a career pinnacle or poisoned chalice?

In the not too distant past, a directorship in a bank, insurance company or financial services firm was seen as a lucrative and career-defining role.  Many directors built a career out of having a portfolio of Board appointments, which involved a significant degree of responsibility to the organisation, but, in many circumstances, little personal regulatory oversight. 

Julie Matheson

8 November 2017

A recent reminder of the obligation to cooperate with an ICAEW investigation

The ICAEW has recently imposed a severe reprimand, £5000 fine and £3337 costs award on a member who failed to provide information requested by the ICAEW in accordance with a disciplinary investigation. This recent case serves as a reminder for members of accountancy bodies of the potential consequences of not cooperating with a disciplinary investigation by their regulator.

20 June 2017

Accountant’s participation in a charity tax avoidance scheme leads to a 10 year ban by the Financial Reporting Council

The Financial Reporting Council (FRC) has banned and fined an ICAEW member for his role in a £46m tax avoidance scheme involving the Cup Trust.  Mr Mehigan, who was a director of the corporate trustee of the charity, has been excluded from membership of ICAEW for 10 years. 

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