Insolvency practitioner sanctions: Mr Andrew Poxon 20 June 2023
On 20 June 2023 a Settlement Order was made against Mr Andrew Poxon ACA of Manchester, United Kingdom
Applies to England, Scotland and Wales
Documents
Details
Summary of complaint:
This Order is in relation to a complaint that Mr Mr Poxon failed to comply with the fundamental principles of objectivity and/or professional competence and due care, in that:
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Mr Poxon, prior to accepting an appointment as one of the Joint Administrators of ‘C’ Limited on 19 July 2013 failed to identify and evaluate threats to his compliance with the fundamental principles arising out of his personal and / or professional relationship with Mr ‘B’ and the ‘A’ and / or failed to identify safeguards to reduce the threat to an acceptable level. Mr Poxon is therefore liable to disciplinary action under Disciplinary Bye-law 4.1b.
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Mr Poxon, prior to accepting the appointment to act as one of the Joint Administrators of ‘C’ Limited on 19 July 2013 failed to create sufficient written contemporaneous records demonstrating the steps that he took, and the conclusions he reached, in identifying, evaluating and / or responding to any actual or potential threats to compliance with the fundamental principles which might arise during the course of his professional work. Mr Poxon is therefore liable to disciplinary action under Disciplinary Bye-law 4.1b.
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Mr Poxon, prior to accepting an appointment as one of the Joint Administrators of ‘D’ Ltd on 16 March 2016 failed to identify and evaluate threats to his compliance with the fundamental principles arising out of his personal and / or professional relationship with Mr ‘B’ and the ‘A’ and / or failed to identify safeguards to reduce the threat to an acceptable level. Mr Poxon is therefore liable to disciplinary action under Disciplinary Bye-law 4.1b.
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Mr Poxon, prior to accepting the appointment to act as one of the Joint Administrators of ‘D’ Limited on 16 March 2016, failed to create sufficient written contemporaneous records demonstrating the steps that he took, and the conclusions he reached, in identifying, evaluating and / or responding to any actual or potential threats to compliance with the fundamental principles which might arise during the course of his professional work. Mr Poxon is therefore liable to disciplinary action under Disciplinary Bye-law 4.1b.