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15 Jan 2009
The ICAEW has fined members for the first time for failing to meet the requirements for continuing professional development.
Under CPD rules, made compulsory by the institute in 2004, members have to provide evidence that their accounting skills have kept pace with their clients’ needs.
Rajbir Singh Sohal of Coventry and Martin Lewis Dawe of Isleworth were reprimanded and fined for not meeting CPD requirements between 2005 and 2006. Sohal was fined £1,000 and paid costs of £1,348. Dawe was fined £1,500 and ordered to pay costs of £1,198. Dawe was also stripped of membership after failing to pay.
The ICAEW said Singh had failed to submit a form summarising what CPD he had undertaken, while Dawe failed to complete a certificate of compliance with CPD requirements and failed to respond to its enquiries on the matter.
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Briefings
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