ICAEW Member Firm Under Fire Over Barclays Capital Securities Ltd’s Compliance with FSA Rules

Jack Humphrey, Regulatory journalist
December 21, 2011 /

The Accountancy and Actuarial Discipline Board (AADB) has launched an investigation under its Accountancy Scheme into the conduct of PricewaterhouseCoopers LLP, auditors to Barclays Capital Securities Ltd., in relation to its role in reporting to the FSA on the firm’s compliance with the FSA’s client asset rules (the CASS Rules), which govern the protection of client money.

The scope of the investigation covers “the conduct of PricewaterhouseCoopers LLP in relation to the preparation of reports to the FSA in respect of Barclays Capital Securities Limited’s compliance with the FSA’s Client Asset Rules for the periods from 1st December 2001 to 29th December 2009.”

The AADB’s decision to initiate an investigation was taken following consultation with the ICAEW.

The AADB is independent of the professions it disciplines and operates in the public interest.


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