RSM Tenon finance director banned and fined

£57,000 fine and £825,000 contribution to investigation

Tom Ellis
clock • 1 min read

A former finance director of RSM Tenon Group has been fined £57,000 and excluded from the accountancy profession for five years by the Financial Reporting Council (FRC).

Russell McBurnie, who will also have to pay £825,000 towards the costs of the FRC's investigation, admitted to extensive misconduct in relation to the preparation and approval of RSM Tenon's financial statements for the year that ended 30 June 2011.  McBurnie admitted nine allegations that his conduct fell "significantly short" of the standards expected of a member of the Institute of Chartered Accounts in England and Wales (ICAEW), the FRC said. Fundamental principle of integrity McBurnie breached two of the fundamental principles of the ICAEW, it added, including the fundamental p...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's Sadan: SDR will help restore 'trust and integrity' in sector

FCA's Sadan: SDR will help restore 'trust and integrity' in sector

Sacha Sadan was speaking at the annual Amundi conference

Cristian Angeloni
clock 01 May 2024 • 3 min read
FCA capital redress expectations: The road ahead for advisers

FCA capital redress expectations: The road ahead for advisers

What’s expected of advisers and the timelines to work to

Linda Gibson
clock 29 April 2024 • 4 min read
FCA dismisses British Steel complaints after lengthy investigation

FCA dismisses British Steel complaints after lengthy investigation

Regulator acknowledges decision will be ‘disappointing’ for complainants

Jenna Brown
clock 22 April 2024 • 2 min read