A hearing in respect of a Formal Allegation against Mr Michael Smith, a member of Chartered Accountants Ireland (the "Institute") was heard before a Disciplinary Tribunal on Tuesday 21 May 2019. The Disciplinary Tribunal made the following findings and orders;
The Disciplinary Tribunal found that Mr Michael Smith, a member of the Institute, with an address at Newmarket on Fergus, Co. Clare (formerly of Clontarf, Dublin 3) did act in breach of the Code of Ethics for Members (2013-2016): Fundamental Principles: (a) Integrity; (c) Professional Competence and Due Care; and (e) Professional Behaviour in that he:
- failed to carry out professional work with sufficient due care and attention;
- engaged in public practice without a practising certificate and acted contrary to Public Practice Regulations 5.2 and 5.3; and
- failed or neglected to adequately respond or co-operate with the disciplinary process contrary to Disciplinary Bye-Law 7;
The Disciplinary Tribunal found the Formal Allegation proven and ordered that the member be severely reprimanded and fined €2,500 and that he pay €7,000 towards the costs of Chartered Accountants Ireland.
Reference: Karen Jones, Gibney Communications
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