Finding and Order
The Disciplinary Tribunal found that Tynan Dillon Dublin Ltd, a member firm of the Institute with an address in Dublin 4 did act in breach of the Institute’s Code of Ethics for Members: Fundamental Principles: (b) Objectivity and (e) Professional Behaviour in that the member firm failed to act appropriately in a conflict-of-interest situation in the period July 2011 to January 2012.
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 €2,000 and a contribution towards costs in the amount of €8,000.
The Order took effect from 23 March 2023.
Background and outline of disciplinary matter
The member firm failed to act appropriately in a conflict-of-interest situation in the period July 2011 to January 2012.
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 23 March 2023.
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: Donnchadh O'Neill, Gibney Communications
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