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Called to account: August 2015

The latest scandals and penalties including two FRC disciplinary hearings  on exclusion of the former Aero Inventory finance director for three years and a £25,000 fine for ex Manchester Building Society finance director, and payroll director banned for £5m VAT failings

FRC excludes former Aero Inventory FD for three years

Hugh Bevan, an ICAEW member and former finance director of Aero Inventory, has been excluded from the profession for three years after a Financial Reporting Council (FRC) investigation found that his conduct fell significantly short of the standards reasonably to be expected in relation to accounting issues at the AIM-listed aircraft parts wholesaler, which went into administration in 2009.

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