The member was the financial controller of a company with two principal shareholders. The member effected transfers of company funds to entities in which one of the shareholders held an interest, without ensuring that the other principal shareholder approved of the transactions.
The Investigation Committee determined that the member contravened the CPABC Code of Professional Conduct as follows:
201.1 – Maintenance of the good reputation of the profession
202.1 – Integrity and due care
The Committee recommended that a Statement of Complaint not be issued, on condition that the member receive a warning that this determination will be taken into account if any other matters are referred to the Committee in the future.