Auditing and Assurance Standards and Guidance

Miscellaneous Auditing Documents

FRC Audit Enforcement Procedure

Part 4 - Enforcement Committee

Enforcement Committee's Decision Notice
24.Where the Enforcement Committee decides that the Respondent is liable for Enforcement Action, the Committee shall within 14 days, or such other period as the Enforcement Committee considers appropriate, issue the Decision Notice which shall:
 (a)outline its findings;
 (b)propose a Sanction;
 (c)provide reasons for its conclusions at (a) and (b) above;
 (d)propose an amount payable in respect of Executive Counsel's costs of the matter;
 (e)invite the Respondent to provide a written agreement to the Decision Notice by a specified date which shall be no later than 28 days from the date of the Decision Notice;
 (f)warn the Respondent that failure to respond could lead the Enforcement Committee to issue a Final Decision Notice.
25.Where the Respondent agrees to the entire Decision Notice, the Enforcement Committee's Final Decision Notice shall be issued within 14 days.
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