CPABC in Focus July/August 2018 | Page 38

The consequences of breaching the CPA Code If CPABC’s Investigation Committee determines that a member has breached the CPA Code and that grounds exist for disciplinary action, it may—depending on the seriousness of the matter— recommend that the member: • Accept a reprimand; • Complete one or more professional development courses; • Pay a fine of up to $25,000 (up to $4,000 for a student 3 ; up to $100,000 for a registered firm); • Pay the expenses of the investigation; • Take other remedial action; or • Do any combination of the above. Furthermore, if a matter is then referred to the CPABC’s Disciplinary Committee, the Disciplinary Committee may decide to make an order of suspension or cancellation, or to impose conditions on a CPA’s continued membership. If the Investigation Committee or the Discipline Committee establishes that a complaint made against a member has grounds, CPABC will later publish a summary of the outcome of the complaint on its website at bccpa.ca. When appropriate, complaint summaries disclose the names of the CPAs who have breached the CPA Code. 3 In this article, “student” refers to either a candidate enrolled in the CPA Professional Education Program or a student taking the CPA preparatory courses or pursuing the Advanced Certificate in Accounting and Finance. Key messages As mentioned at the beginning of this article, we receive relatively few complaints about our members’ conduct. That’s good news, indicat- ing that most CPAs know and adhere to the rules, both in spirit and in practice. We en- courage you to keep up the good work and keep complaints at bay by: • Communicating effectively and often; • Ensuring systems are set up to meet all necessary deadlines; • Practising only in areas where you have expertise and proper licensing and insurance; • Taking care when family disputes erupt among existing clients and proceeding with the utmost caution; and • Remembering to take the high road, no matter what the circumstances! Want additional guidance? CPABC’s professional standards advisors are here to help you comply with the CPA Code when you’re navigating difficult situations. All guidance is confidential, non-binding, and unofficial. Contact the advisors by email at [email protected] or call: • Stella Leung, CPA, CA, at 604-488-2609. • Brigitte Ilk, CPA, CGA, at 604-629-8363. • Both can also be reached using our toll-free number at 1-800-663-2677. In complex cases, you may also want to consider obtaining independent legal counsel. For your reference, the Chartered Professional Accountants Act, CPABC Bylaws, CPABC Bylaw Regulations, and CPABC Code of Pro- fessional Conduct can all be accessed online at bccpa.ca/regulatory/act-bylaws-rules. Comments or questions about this article? Contact the professional conduct department at [email protected]. 604.708.4200 silverbulletshredding.com 38 CPABC in Focus • July/August 2018