Reprimand – Nexia BT - 24th January 2020
In terms of Article 14 of the Accountancy Profession Act (Cap. 281), the Accountancy Board has issued a reprimand against the auditing firm Nexia BT for failing to carry out a statutory audit according to established standards in breach of Article 13 of Directive 4 – the Accountancy Profession (Quality Assurance) Directive and has required immediate attention on the firm's part so that adequate working papers are prepared and retained and that there will be no such similar failures in future audits the firm carries out.