The Member was employed by a non-profit organization to be an accountant, and subsequently became Director of Finance; a senior financial role with the organization. The Member misled the employer concerning the status of work and failed to perform critical financial functions, such as reconciling the organization’s bank account, preparing financial statements, and filing tax returns and other information on a timely basis. This resulted in financial penalties to the organization and caused a significant delay in the preparation of the annual audit. The Member’s employment was terminated by the organization.
The Investigation Committee determined 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
205(b) - False or misleading documents and oral representations
206.1 - Compliance with professional standards
The Committee recommended the Member:
- accept a reprimand;
- pay a fine of $1,500;
- pay costs of $2,592 plus GST; and
- attend and successfully complete by the CPABC courses:
a. Controllership Operational Skills Program; and
b. PD Nexus – Public Practice Insights.