School accountant struck off by ICAEW

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

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

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

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

‘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

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