Ac­coun­tants rush to set­tle with watch­dog

The Daily Telegraph - Business - - Business -

Fines levied on com­pany au­di­tors fell in the past year and not one per­son was banned from the pro­fes­sion as the ac­count­ing watch­dog fo­cused on en­gage­ment rather than en­force­ment ac­tion. The FRC re­solved a record num­ber of cases by “con­struc­tive en­gage­ment”, which it says al­lows cases to be dealt with quickly and cheaply.

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