The Firm and the member (the “Respondents”):
- Performed assurance services but failed to use the services of a mentor as they were required to do;
- Issued assurance reports which contained material errors; and
- Were not truthful and provided inaccurate responses to CPABC during the course of a public practice review and this investigation.
The Committee determined that the Respondents contravened the Rules of the CPABC Code of Professional Conduct as follows:
101.1 - Compliance with governing legislation, bylaws, regulations and the Code
104.1 - Requirement to co-operate
201.1 - Maintenance of the good reputation of the profession
202.1 - Integrity and due care
203 - Professional competence
205 - False or misleading documents and oral representations
206.1 - Compliance with professional standards
The Committee recommended that the Respondents:
- Accept a reprimand;
- Pay expenses of $7,438 plus GST of $371.90;
- Attend and successfully complete by September 30, 2021 the CPABC Professional Development live webinars or in-person:
- Compilation Engagements – Application of the New CSRS 4200; and
- Ethics at Our Core; and
- Accept the publication of a notice on CPABC’s website or otherwise which identifies the Respondents by name.