Jennifer Nga Thai, of Surrey, British Columbia, has been the subject of a disciplinary proceeding commenced against her by the Organization of Chartered Professional Accountants of British Columbia (“CPABC”) before a Panel of the Disciplinary Committee concerning alleged professional misconduct.
While on August 3, 2022, the Registrar of CPABC cancelled Ms. Thai’s membership in CPABC as a result of her failure to pay fees and dues established by the Board of CPABC, the disciplinary proceeding is currently ongoing.
The professional misconduct alleged against Ms. Thai involves numerous breaches of the CPABC Code of Professional Conduct, including misappropriating the amount of $315,713.14 from her former employer through the use of electronic funds transfer payments that were misdirected to her personal bank accounts, and manipulating and altering corporate records of the former employer in order to conceal her misappropriation. Ms. Thai has paid full restitution of the misappropriated amount of $315,713.14 to her former employer.
Ms. Thai has irrevocably admitted to all the allegations that CPABC has made against her.
In order to resolve the disciplinary proceeding, Ms. Thai has undertaken not to apply for reinstatement of her membership in CPABC before, at the earliest, November 28, 2025.
As a result of the cancellation of Ms. Thai’s membership in CPABC, she cannot use or display the designations “Chartered Professional Accountant”, “Certified General Accountant”, or “Professional Accountant”, the initials “CPA”, “CGA”, “CPA, CGA”, or “PA”, or imply, suggest, or hold out that she is a Chartered Professional Accountant or Professional Accountant.