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...
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