RegulationAccounting StandardsSchool accountant struck off by ICAEW

School accountant struck off by ICAEW

Accountant excluded, fined and ordered to pay costs

The ICAEW has struck off an accountant
fined him £10,000 and ordered him to pay costs of £10,174 following a tribunal
hearing.

Allan
Peter Naylor
, a Halifax accountant and chairman
of governors at a Halifax school, was struck off for ‘extraordinary inefficiency
and incompetence’.

The
ICAEW tribunal
said: ‘[Naylor’s] cavalier actions have brought potential or
actual damage to his clients for whose interests he appears to have paid little
regard.’

The hearing was told of 31 accounts involving nine clients between 1994 and
2002 when Naylor had prepared accounts and tax returns.

The tribunal found that none of the claims could be justified under closer
scrutiny.

‘The sheer extent and weight of these issues, and the extended period of time
in which they have arisen, demonstrate that, for whatever reason, the defendant
has shown a degree of inefficiency and incompetence which is quite
extraordinary,’ it said.

Further reading:

Institute to go public with tribunal hearings

Accountants’ secretary wins blog sacking tribunal

Related Articles

Demystifying GDPR for accountants

Accounting Standards Demystifying GDPR for accountants

6d Ellen Temperton, Lewis Silkin
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
The great professional services shake-up

Accounting Standards The great professional services shake-up

3m Fergus Payne, Lewis Silkin
What do clients actually want from an accountant?

Accounting Standards What do clients actually want from an accountant?

4m Emma Smith, Managing Editor
Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

Accounting Standards Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

4m Alison Conley
Membership of the accountancy profession on the rise

Accounting Standards Membership of the accountancy profession on the rise

5m Alia Shoaib, Reporter
The real price of mates' rates in the provision of professional services

Accounting Standards The real price of mates' rates in the provision of professional services

5m DAC Beachcroft
IASB overhauls insurance accounting with issuance of IFRS 17

Accounting Standards IASB overhauls insurance accounting with issuance of IFRS 17

7m Alia Shoaib, Reporter