Disciplinary proceedings were brought by the Public Company Accounting Oversight Board (PCAOB) in the United States against the Member when the PCAOB determined that they did not comply with various PCAOB rules. The Member failed to self-report PCAOB’s findings to CPABC. The Member represented that this was an oversight.
The Investigation Committee determined the Member contravened the following Rules of the CPABC Code of Professional Conduct:
102.4 - Matters to be reported to CPABC
201.1 - Maintenance of the good reputation of the profession
The Investigation Committee recommended the Member:
- Accept a reprimand;
- Pay a fine of $1,000; and
- Pay investigation expenses of $2,364.