ICAEW member fined for being insolvent

Obviously accountants have to be able to show they can look after their own finances, for the public to have trust in them.

But it seems a bit harsh for the ICAEW to fine a member £254 for entering into an insolvency voluntary arrangement (IVA).

I hope the institute has also been helping that member through its support group CABA, so that he or she can pay this extra financial burden put upon them.

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