Outcome of a Disciplinary Tribunal regarding allegation against a member firm

Finding and Order

The Disciplinary Tribunal finds that a member firm of the Institute, with an address in Co. Limerick did act in breach of the Code of Ethics for Members (2014-2016): Fundamental Principle:(e) Professional Behaviour by failing to provide information requested by a director of a client company in a timely manner; or in the alternative ensure the director was informed of the delay or difficulty in providing same.

The Disciplinary Tribunal found the member firm’s actions amount to Poor Professional Conduct.

The Disciplinary Tribunal found the Formal Allegation proven and made an Order as to Sanction that the member firm be subject to a reprimand, a fine of €500 and costs in the amount of €1,200.

This order took effect from 4 November 2021.

Background and outline of disciplinary matter

The member firm did not adequately respond to correspondence from the complainant and keep him adequately or sufficiently informed and in a timely manner of the reasons for the difficulty in providing the information requested.

This Disciplinary matter was concluded in accordance with the settlement provisions set out in Chartered Accountants Ireland’s Disciplinary Regulations, the proposed terms of settlement having been approved by the members of the Disciplinary Tribunal on 4 November 2021.

Identification of appropriate orders

Recognising the benefits of resolution through the settlement process, the Disciplinary Tribunal considered the findings and orders made appropriate having regard to the objectives of the Disciplinary Bye-Laws, the applicable guidelines on sanctioning and the particular facts and circumstances of the matter before it.

Reference: Karen Jones, Gibney Communications
Ph: 01 6610 402