Outcome of a Disciplinary Tribunal against Mr William McAteer
At a Disciplinary Tribunal of Chartered Accountants Ireland ("the Institute") on 14 February 2020, a member, Mr William McAteer, accepted the facts of a formal complaint brought against him by the Institute's Conduct Committee following the opinion certified by the Special Investigator, Mr John Purcell, that:
William McAteer, being the Finance Director of Anglo Irish Bank plc, (hereafter "the Bank") did, in relation to the September 2008 transactions between the Bank and Irish Life and Permanent, and in relation to the failure to make appropriate disclosure of a loan by the Bank to him, engage in conduct which he was aware or ought to have been aware was inappropriate such as to bring discredit to himself, and the profession of accountancy.
In light of the above, Mr McAteer accepted that the appropriate sanction to meet the gravity of his conduct was exclusion from membership of the Institute and he consented to this. Mr McAteer has further undertaken not to make any future application for reinstatement.
In the circumstances the Disciplinary Tribunal made an Order excluding Mr McAteer from Membership of Chartered Accountants Ireland.
The Tribunal also ordered Mr McAteer to contribute towards the Institute's costs in the amount of €15,000.00.
Reference: Karen Jones, Gibney Communications
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