PwC audit juniors sanctioned over ethics breach

PwC audit juniors sanctioned over ethics breach
Peninsula Logo

Peninsula Team, Peninsula Team

(Last updated )

A group of PwC audit staff have been severely reprimanded by ICAEW after sharing answers for an assessment in a group chat.

The 10 junior audit staff at the Big Four firm had to pay costs of £2,107 each and were 'severely reprimanded' by ICAEW’s disciplinary board after breaking the ICAEW Code of Ethics for professional behaviour. ICAEW cannot issue fines to non-qualified staff.

The incident happened between 5 August and 10 September 2021 across a number of UK locations from London to Manchester, Stockport and Preston. 

A PwC spokesperson told Accountancy Daily: ‘We treat cases of any inappropriate collaboration or cheating on assessments or exams seriously. This matter relating to a number of staff who were not qualified at the time has now been addressed by the ICAEW’s Conduct Committee.

‘We expect the highest standards of our people, and have reinforced expected behaviours and responsibilities in numerous ways. These include communications from our leadership and specific training.

‘People completing exams must confirm that assessments are being completed independently and that sharing answers is prohibited.’

Try Brainbox for free today

When AI meets 40 years of Peninsula expertise... you get instant, expert answers to your HR and health & safety questions

ICAEW disciplined the PwC staff who participated in a group chat where two assessment answer documents were 'created, added to, used and shared to assist with the completion of a number of assessments', ICAEW said.

The assessments were part of the training programme at PwC which were required to be completed by the staff.

ICAEW said the 10 individuals ‘knew, or should have known’ that they ‘should not share answers or use answers shared by others’.

The first assessment was called Developing an Audit Plan; Fraud Risks and Responses v1; and the second focused on Understanding and Evaluating Controls; Designing Substantive Audit Procedures v1.

ICAEW said: ‘This conduct was contrary to subsection 115.1 of the ICAEW Code of Ethics – Professional Behaviour (effective from 1 January 2020).’

For answers to questions on holding a disciplinary hearing, visit BrAInbox today where you can find answers to questions like Do I have to give employees evidence before a disciplinary hearing?

Related articles

  • health and safety in cosmetics

    Blog

    Is talc-based makeup exposing women to asbestos?

    Scores of British women are bringing lawsuits to US courts, claiming they have contracted mesothelioma. But the defendant isn’t a construction company exposing its workers to asbestos. It’s cosmetics giant Johnson & Johnson, and the products supposedly causing this fatal disease are beauty products.

    Peninsula TeamPeninsula Team
    • Health & Safety
  • london skyline

    Blog

    London ranked eighth most expensive global city

    Soaring rents, inflationary pressures and the cost of living crisis sees London move up the rankings as one of the most expensive cities to live and work

    Peninsula TeamPeninsula Team
    • Pay & Benefits
  • polling station

    Blog

    What could a general election mean for employment law?

    Here's what the big three have each vowed to do should they come away with an election win.

    Peninsula TeamPeninsula Team
    • Employment Law
Back to resource hub

Try Brainbox for free today

When AI meets 40 years of Peninsula expertise... you get instant, expert answers to your HR and health & safety questions

Sign up to our newsletter

Get the latest news & tips that matter most to your business in our monthly newsletter.