NEWS UPDATE: Investigations into conduct of accountants drop
The number of investigations into the conduct of chartered accountants in Australia has dropped by almost 60 cases over the last year, according to a report released by the Institute of Chartered Accountants in Australia (ICAA).
In the ICAA annual report on professional conduct for the last financial year, the professional conduct team started investigations into 259 formal complaints and issues concerning the conduct of its accountants, a drop from 317 the previous year. However, 27 members were called before the ICAA Professional Conduct Tribunal last year, a rise from 11 in 2006 to 2007.
In the report, the president of the ICAA, Andrew Arkell, said: “The ICAA is committed to the highest standards of professional conduct and performance for the benefit of the business community and the public interest.
”The ICAA recently upgraded its website to better capture complaints about the conduct of its members and increase the understanding of the professional conduct function."
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