Irish regulator fines CA for misconduct
Independent regulator flexes muscle
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
CARB only began operating in April and is Ireland’s first independent
accountancy regulator – the hearing was held on the 13 July 2007.