In order to resolve a disciplinary proceeding before a Panel of the Disciplinary Committee concerning alleged professional misconduct against him, Ronald Shumka, of Port Coquitlam, British Columbia has agreed to voluntarily relinquish his membership in the Organization of Chartered Professional Accountants of British Columbia (“CPABC”), effective August 14, 2024.

The professional misconduct alleged against Mr. Shumka involves numerous breaches of the CPABC Code of Professional Conduct and CPABC Bylaws, in particular: failing to cooperate with the regulatory processes of CPABC, specifically failing to comply with the requirements of the Determination & Recommendation agreement which he signed; failing to reply in writing to CPABC as required; engaging in public practice while not authorized to do so by CPABC, specifically the preparation of personal tax returns; failing to maintain professional liability insurance as required by CPABC; negligently preparing personal tax returns of clients, resulting in incorrect tax liabilities being assessed by the Canada Revenue Agency (CRA) against clients; and failing to use the descriptive style “CPA, CA” as required by the Rules.

Mr. Shumka has irrevocably admitted to all the allegations that CPABC has made against him, and has undertaken not to ever apply for reinstatement as a member of CPABC.

As Mr. Shumka is no longer a member of CPABC, he cannot use or display the designations “Chartered Professional Accountant”, “Chartered Accountant”, or “Professional Accountant”, use or display the initials “CPA”, “CA”, “CPA, CA”, or “PA”, or imply, suggest, or hold out that he is a Chartered Professional Accountant or Professional Accountant.