Accounting For Managers - Investigation And Tribunal Hearing Of Gray John Davies Case
Added on 2019-11-08
6 Pages1087 Words58 Views
ACCOUNTING FOR MANAGERSACCOUNTING FOR MANAGERSBy Student`s NameCode+Course NameProfessor`s NameUniversity NameCity,StateDate1
ACCOUNTING FOR MANAGERSTABLE OF CONTENTSCover page.................................................................................1Table of contents...........................................................................2Investigation and tribunal hearing......................................................3Reason for publishing decision.........................................................3, 4Conclusion...................................................................................5References....................................................................................6 2
ACCOUNTING FOR MANAGERSINVESTIGATION AND TRIBUNAL HEARING OF GRAY JOHN DAVIES CASEThe recent disciplinary action to be undertaken by The Disciplinary Tribunal of Australia andNew Zealand Institute of Chartered Accountants was that which involved Gray John Davies. This was after the Professional Conduct Committee filed an application that aimed at suspending Gray on account of misappropriating client`s funds. As per the investigation, the tribunal heard that the accused party committed misconducts contrary to the "New Zealand Institute of Chartered Accountants Act 1996":among the particulars of which the Accused of guilty of are;1.He misbehaved in a professional capacity,2.That his conducts were unbecoming for accountant.3.That his negligence in a professional capacity tended to bring disrepute to the accounting professional body.4.Upon being called upon to respond to some of the allegations levelled against him by the institute, he failed to respond promptly and lastly that he breached the rules and the institute's code of conducts. In particulars between 2012 and 2015 Gray allowed payments amounting to $3,500 that belonged to his client to be made to a third party without Alerting his client concerning each payment, obtaining authority from his client to make payments, documenting any permission granted by the customer and therefore all these amounted to the contravention of the Fundamental Principles of Integrity and Quality Performance. Furthermore, it was submitted that Gray had not repaid the amount owed by the third party to his client despite Gray`s promise to the effect that and thus he was in breach of the Professional Behavior of the Code of Ethics (2014).It was also held that Gray failed to take due care and diligence to give accountancy services to his client such as failing to prepare the annual financial statement for his client in a time and failure to file the 2015 tax return. 3
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Professional Accountability And Patient Safetylg...
|10
|2466
|431