17 April Member excluded from membership

Transcription

1 news release 17 April 2014 Member excluded from membership On 16 and 17 April 2014, the Disciplinary Committee of ACCA (the Association of Chartered Certified Accountants) found the following allegations proved against a member, Mr Cyril Keegan, of Kilkenny, Ireland. Allegation 1(a) having failed to return, promptly and safely, business and accounting papers belonging to a client, contrary to Section of the Code of Ethics and Conduct (as applicable in 2010) Allegation 2 (b) Pursuant to bye-law 8(a)(iii), Mr Keegan breached the fundamental principle of Professional Competence and Due Care by reason of having failed, between December 2009 and June 2010, to submit VAT returns on behalf of a client. Allegation 3(a) having failed to file 2008 accounts on behalf of a client, contrary to the fundamental principle of Professional Competence and Due Care Allegation 4(a) having failed to return, promptly and safely, business and accounting papers belonging to a client, contrary to Section of the Code of Ethics and Conduct (as applicable in 2010)

2 Allegation 5(a) Pursuant to bye-law 8(a)(iii), Mr Keegan breached the fundamental principle of Confidentiality (as applicable in 2010) by reason of having disclosed confidential information to a third party, without obtaining the proper and specific authority of his client. Allegation 6(a) having failed to return, promptly and safely, business and accounting papers belonging to a client, contrary to Section of the Code of Ethics and Conduct (as applicable in 2010) Allegation 7 having sent an to a client on 12th January 2011 which was misleading, in that Mr Keegan stated in that that he had sent accounting records and business records relating to a company to his client by registered post on that date, when in fact he had not done so, contrary to the Fundamental Principle of Integrity. Allegation 8(a) having disclosed confidential information to a third party, without obtaining the proper and specific authority of his client, contrary to the fundamental principle of Confidentiality (as applicable in 2010). Allegation 9 having presented financial statements for his firms (for the year ending 31st August 2006) and (for the years ending 31st August 2005 and 31st August 2006) which stated that a firm had prepared independent auditor s reports when in fact the firm had not done so, contrary to the fundamental principle of Integrity.

3 Allegation 10(a) having engaged a firm to carry out audit work on behalf of his clients when the firm was not qualified or registered to carry out audit work, contrary to the fundamental principle of Professional Competence and Due Care. Allegation 11(a) having presented annual returns for five other companies in addition to his own which contained accounts audited by a firm, when the firm were not qualified or registered to carry out audit work, contrary to the fundamental principle of Professional Competence and Due Care. Allegation 13(a) Pursuant to bye-law 8(a)(iii), Mr Keegan breached the fundamental principle of Professional Competence and Due Care by reason of having presented annual returns for a company which contained an independent auditor s report in the name of an individual when in fact that individual had not prepared any such report. Allegation 15(a) having presented an annual return for a company which contained accounts audited by his firm, when his firm were not qualified or registered to carry out audit work, contrary to the fundamental principle of Professional Competence and Due Care. Allegation 16(a) carrying on public practice, between 19th May 2004 and 29th April 2011, without holding a practising certificate, in breach of Regulation 3(1) of the Chartered Certified Accountants Global Practising Regulations 2003.

4 Allegation 17(a) holding the position of director of his firm, where public practice was carried on between 19th May 2004 and 29th April 2011, without holding a practising certificate contrary to Regulation 3(2)(a) of The Chartered Certified Accountants Global Practising Regulations The Disciplinary Committee ordered that Mr Keegan be excluded from membership. The Committee further ordered that Mr Keegan pay costs of 2, Please note that this may be the subject of an appeal. ACCA s regulations require ACCA to publish the Committee s findings and orders by way of a news release, as practicable. The Committee has discretion as regards to which publications the news release should be sent, and discretion in exceptional circumstances to direct that the relevant person is not named. The Committee ordered that the news release should be issued to ACCA s website and to the local press, referring to Mr Keegan by name. - ends For more information, please contact: Alana Sinnen, ACCA Newsroom + 44 (0) (0) alana.sinnen@accaglobal.com

5 Helen Thompson, ACCA Newsroom +44 (0) (0) Notes to Editors 1. ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. 2. We support our 162,000 members and 428,000 students in 170 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 89 offices and centres and more than 8,500 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting, and conduct relevant research to ensure accountancy continues to grow in reputation and influence. 3. Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development, and we seek to develop capacity in the profession and encourage the adoption of global standards. Our values are aligned to the needs of employers in all sectors and we ensure that, through our qualifications, we prepare accountants for business. We seek to open up the profession to people of all backgrounds and remove artificial barriers, innovating our qualifications and

6 delivery to meet the diverse needs of trainee professionals and their employers.