A Member issued a review engagement report for a real estate client which was
submitted to the BC Financial Services Authority. The review engagement was not performed in accordance with the requirements of Canadian Standards on Review Engagements 2400 and the Member did not hold current licensure from CPABC to perform the engagement. The Member also advertised services on their website that they were not licensed to perform and misrepresented their legacy accounting designation.
The Investigation Committee determined that 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
203 - Professional competence
205 - False or misleading documents and oral representations
206.1 - Compliance with professional standards
Bylaws:
506(1) - Legacy Designations
700(1) - Public Practice by CPA Members
The Investigation Committee recommended that the Member:
- accept a reprimand;
- pay a fine of $2,500;
- pay investigation expenses of $3,824; and
- attend and successfully complete a professional development course in ethics which is satisfactory to the Director, Professional Conduct.