Baker Tilly under investigation for unethical conduct

Auditor Baker Tilly is under investigation by the Financial Reporting Council (FRC) following allegations of unethical conduct.

The complaint relates to the auditing of engineering firm the Tanfield's financial statement for the year ended 31 December 2007. It alleges that the conduct of Baker Tilly, and specifically office managing partners Richard King and Steven Railton, "fell significantly short" of the standards expected of auditors, in that they failed to act in accordance with the fundamental principle of their professional bodies' codes of ethics requiring them to act with professional competence and due care. The FRC said an initial investigation into the conduct of King and Railton points to a "reali...