A Member operated without a public practice license between 2008 until 2023. The Member failed to maintain professional liability insurance and failed to meet practice review requirements for CPABC and its legacy body, CMA-BC. The Investigation Committee determined the Member contravened the following:
Rules of the CPABC Code of Professional Conduct:
201.1 - Maintenance of the good reputation of the profession
202.1 - Integrity and due care
Bylaws of CPABC:
700 (1) to (4) - Public Practice by CPA Members
During the investigation the Member ceased their CPABC Membership.
The Committee recommended the Member:
- accept a reprimand;
- pay a fine of $5,000;
- pay expenses of $2,697;
- agree not to use or display the designation “Chartered Professional Accountant” or the initials “CPA” or the legacy designation “Certified Management Accountant” or the initials “CMA”, or the descriptor “Professional Accountant” or the initials “PA”, or in any manner imply, suggest, or hold out that they are a Chartered Professional Accountant or Professional Accountant; and
- agree not to perform engagements under Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements or other regulated services to the public.