Swansea Chartered Accountants fined £15,000
A SWANSEA Chartered Accountants has been severely reprimanded and fined £15,000 plus costs of £4,155 for its auditing of a charity account over the last 10 years.
Bevan and Buckland has been the subject of an Institute of Charted Accountants of England and Wales disciplinary procedure.
The firm was found to have acted improperly in preparing financial statements between 2002 to 2005.
The client affected has not been made public.
A spokesman for the firm said: “We have cooperated fully with the Institute of Charted Accountants of England and Wales.
“It was a historical matter that related to a technical accounting issue, that we actually brought to the attention of the board.
“We have now put in place processes to prevent it from happening again.
“The matter only related to one client and although client confidentiality prevents us from naming them it is not currently a Wales-based charity.
“Also there was no money loss to the client involved.”