Take note of the latest disciplinary cases to ensure you or your firm are not making similar mistakes.
Since the last update, four Tribunal Committee tribunal orders, three consent orders from the Conduct Committee, three Conduct Committee fixed penalty orders, and two settlement orders have been published.
Included within the latest published orders are the following:
Tribunal Committee Tribunal Orders
- Failure to Provide Information Requested in the Disciplinary Process:
A member failed to provide information, explanations and documents requested by the ICAEW Conduct Department, including anti-money laundering policies, share documentation, and other requested materials. - Plagiarism in Professional Exams:
A provisional member submitted a mock exam that plagiarised information from the model answer, contrary to the ICAEW Code of Ethics.
Consent Orders
- Audit Evidence and Documentation:
A member firm failed to obtain sufficient appropriate audit evidence and did not adequately document audit procedures in relation to inventory provision for a client over two accounting periods. - Annual Return Compliance:
A member failed to submit required ICAEW annual returns for two entities over two accounting periods.
Fixed Penalty Orders
- Professional Indemnity Insurance:
- A member engaged in public practice without the minimum required level of professional indemnity insurance for a specific period.
- A member engaged in public practice without qualifying professional indemnity insurance during specific periods.
- Criminal Conviction:
A member was convicted of a driving offence and found to have breached the Code of Ethics (Professional Behaviour).
Settlement Orders
- Communications to Third Parties:
A member sent letters to a government agency regarding a client that contained inaccurate information.
Key Themes
- Failure to cooperate with regulatory and disciplinary processes.
- Inadequate audit evidence and documentation.
- Plagiarism in exams.
- Non-compliance with anti-money laundering, client money, and professional indemnity insurance regulations.
- Criminal convictions.
- Inaccurate communications with authorities.
Further details can be found on our Disciplinary Database or please visit our Public Hearings page.
Useful links
Please make use of the following resources to ensure you are up to date with the latest regulatory information and news.
- ICAEW Ethics hub
- ICAEW’s Regulation hub
- Disciplinary Bye-laws
- Regulatory & Conduct news - subscribe to stay up to date on latest regulatory news or follow us on our dedicated Regulation and Conduct LinkedIn channel.