During the course of a separate investigation, it was discovered that the Member:
- Issued compilation financial statements when not licensed to do so;
- Did not use the services of a mentor which was a term of the practice license,
- Operated a sole proprietorship using a firm name contrary to written direction from CPABC staff; and
- Did not accurately reflect the proprietorship’s status and age on the firm website.
The Investigation Committee determined the Member contravened 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
202.1 - Integrity and due care
203 - Professional competence
205 - False or misleading documents and oral representations
206 - Compliance with professional standards
217.1 - Advertising
401 - Practice names
Bylaw:
700 - Public Practice by CPA Members
The Committee recommended the Member:
- Accept a reprimand;
- Pay expenses of $3,000 plus GST;
- Pay a fine of $2,000;
- Agree to not perform compilation engagements for one year from the date of this Determination and Recommendation, during which time their public practice licence would be “Other Regulated Services”. After one year, the Respondent may apply to the Public Practice Committee for a different category of public practice licence; and
- Attend and successfully completes by September 30, 2021 the CPABC Professional Development live webinar Compilation Engagements – Application of the New CSRS 4200.