Auditing and Assurance Standards and Guidance

Miscellaneous Auditing Documents

FRC Audit Enforcement Procedure

Part 3 - Investigation

Executive Counsel's Decision Notice
17.Following a decision under Rule 16(b), Executive Counsel considers that a Respondent is liable for Enforcement Action, he shall issue a Decision Notice which shall:
 (a)outline the Adverse Findings with reasons;
 (b)propose a Sanction with reasons;
 (c)propose an amount payable in respect of Executive Counsel's costs of the matter;
 (d)invite the Respondent to provide a written agreement to all or part of the Decision Notice within 28 days or such other period as Executive Counsel may agree is reasonable in all the circumstances.
18.Executive Counsel shall issue a Final Decision Notice within 14 days where the Respondent agrees to the Decision Notice.
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