From www.accountingweb.co.uk: (UK context) Accountant Peter Brealey has been fined £37,500 for multiple breaches of ethics, including preparing incorrect accounts using estimated figures for client A Ltd.

Despite arguments regarding insufficient information from the client, the tribunal found Brealey’s actions to be a serious departure from professional standards. The financial penalty also reflects mitigating factors such as Brealey’s otherwise unblemished career and the isolated nature of the incident.