Accounting updates: March 2020

In this month’s accounting updates, Deloitte fined £1.8m over Comet administration failures, FCA to investigate M&C Saatchi accounting errors, SORP charity accounting committee membership and Brexit transition guidance for accountants

Deloitte fined £1.8m over Comet administration failings

Deloitte is to pay over £1.8m in fines and costs following a five-year ICAEW investigation into the firm’s handling of the administration of electricals retailer Comet, which collapsed in 2012.

Two of the three partners who were appointed as joint administrators have also been fined and reprimanded.

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Deloitte fined £1.8m over Comet administration failings

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