RegulationAccounting StandardsIrish regulator fines CA for misconduct

Irish regulator fines CA for misconduct

Independent regulator flexes muscle

The
Irish
Chartered Accountants Regulatory Board
has fined a chartered accountant for
a number of breaches of his professional duties.

Kevin O’Donovan, a member of the Irish
Institute
, with the firm of O’Donovan & Partners, Chartered Accountants
in Cork was severely reprimanded and fined €10,000.

He was fined for among other things not acting in a professional role when he
was in receipt of a loan from a client contrary to the Ethical Guide for
members.

CARB only began operating in April and is Ireland’s first independent
accountancy regulator – the hearing was held on the 13 July 2007.

Further reading:

Irish regulator to begin work on 9 April

Irish regulator names first-ever chairman

Independent board for Irish accountants

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