The Member performed public accounting services without a public practice licence. During this time, the Member did not maintain professional liability insurance. After receiving contact from CPABC, the Member obtained a public practice license and professional liability insurance. The Member represented to the Committee that the Member had been unaware of the regulatory requirement for a practice license.
The Investigation Committee determined that the Member contravened the following:
CPABC Code of Professional Conduct
101.1 - Compliance with governing legislation, bylaws, regulations and the Code
206.1 - Compliance with professional standards
CPABC Bylaws
700 - Public Practice by CPA Members
1301 - Professional Liability Insurance
CGA-BC Code of Ethical Principles and Rules of Conduct
R517 - Registration
R519 - Professional Liability Insurance
The Committee recommended that the Member:
- accepts a reprimand;
- pays expenses of $500 plus GST of $25; and
- complies with the requirements of any CPABC practice reviews that they may receive in the future.