The former CEO of Luton Town FC is expected to face investigation by the ICAEW after he was disqualified as a director.
The ICAEW has issued a statement regarding Luton Town FC's former chief executive over claims he had breached football rules and tax arrears.
Robert Peter, a chartered accountant was disqualified at the High Court from being a director for seven years.
A statement from an ICAEW spokeswoman said: "We are aware of the proceedings taken against Mr Peters under the company directors disqualification act.
"Our disciplinary by-laws prohibit us from commenting on matters which may be being considered by our professional conduct department. Where such consideration results in disciplinary action than a public announcement is made.
"Those same by-laws provide that the making of an order against a member under the company directors disqualification act is conclusive evidence of misconduct."
Former Luton Town FC chairman William Tomlins was disqualified from being a company director for six years and Richard Bagehot and John Mitchell for three years each.
The Insolvency Service investigated the directors and brought the case to the High Court because it felt the the directors had breached Football Association and FIFA rules, were in arrears at HM Revenue & Customs with PAYE, NIC and VAT contributions.
Between July 2004 and February 2007 the directors individually either caused or allowed the company to trade at the risk of and ultimate detriment of HMRC which was owed at one point £3,578,661. The Court heard there was a pattern of non payment, and chasing from HMRC.
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.