The Conduct Committee found that Mr Michael Smith, a member of the Institute, with an address at Ryan’s Cross, Ralahine South, Newmarket on Fergus, Co. Clare (formerly of Clontarf, Dublin 3) did act in breach of the Code of Ethics for Members (2016): Fundamental Principles: (a) Integrity and (e) Professional Behaviour in that he:
- Filed Annual Returns for two companies with the Companies Registration Office using the Auditor Registration Number of a member firm without that firm’s permission; and
- Prepared and filed with the Companies Registration Office audited financial statements for two companies which contained audit reports purportedly signed and dated by a member firm when those companies were not clients of the member firm and the member firm had not carried out audits of those companies;
and is accordingly liable to disciplinary action under the Institute’s Disciplinary Bye-Laws.
The Conduct Committee determined that in relation to the Formal Allegation a sanction of exclusion with costs of €900 was appropriate.
Reference: Karen Jones, Gibney Communications
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