Defending Regulatory Investigations and Enforcement Action by the FRC, ICAEW, ACCA
As a regulated accountant, receiving a notification of an investigation from one’s regulator, or facing an accountancy body’s tribunal panel, can be incredibly distressing.
The outcome of such investigations will invariably have serious and wide-ranging consequences for the firm, its reputation, as well as individual careers built up over a long period of time.
Taking early advice is essential. Often even taking the first step to report or self-report potential misconduct to a regulatory authority requires careful and strategic thinking. Our specialist lawyers can guide you through the entire process, from reporting obligations arising from potential misconduct, to responding to investigation inquiries, all the way to a defended hearing and potential appeal. We routinely advise on investigations and enforcement action brought by the FRC, ICAEW, ACCA, ICAS, ICAI, and AAT.
Our Frequently Asked Questions provide some high-level guidance on ICAEW and ACCA disciplinary processes.
Recent work
Case 1: Defending the senior executive of a listed company in FRC and collateral proceedings following collapse of the listed company.
Case 2: Defending a leading accountancy firm in an FRC investigation into its audits of a listed entity.
Case 3: Securing multiple ‘no further action’ outcomes in investigations by accountancy regulators against partners and senior executives of global accountancy firms.
Our Regulatory team
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