The Member was engaged to perform a trust audit for a brokerage firm licensed under the Real Estate Services Act. The Accountant’s Report which the Member submitted to the British Columbia Financial Services Authority (BCFSA) was not prepared in accordance with BCFSA requirements and contained numerous errors.
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
203 - Professional competence
205(a) - False or misleading documents
206.1 - Compliance with professional standards
The Committee recommended the Member:
- accept a reprimand; and
- pay expenses of $2,711.