The Member self-reported to CPABC that, while an assurance partner with a firm, they did not adhere to the Canadian CPA Assurance Handbook, firm policy and other professional requirements with respect to file documentation and signoff. The Member personally completed various assurance working papers, and the financial statements and related assurance reports were issued before their work was reviewed. Additionally, the Member did not close out the assurance files within 60 days as per the Canadian Assurance Standard and firm policy.
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
206.1 - Compliance with professional standards
The Committee recommended the Member:
- Accept a reprimand; and
- Pay expenses of $1,175