Chartered Accountants Australia and New Zealand is looking to beef up sanctions for misconduct by members.
But if any proposed changes are voted down by members, which include big four accountants, the body will be left with regulations already seen as toothless.
The CA ANZ committee handling the review received more than two dozen submissions and has spent months benchmarking the body’s disciplinary processes against those at other professional bodies, including the Institute of Chartered Accountants in England and Wales, the Association of Chartered Certified Accountants and CPA Australia.They have also examined how other professional law bodies, such as the Law Society of NSW and Engineers Australia, discipline members.
The committee expects to hand its report and recommendations to the legal expert overseeing the review, former Federal Court justice Dennis Cowdroy, KC, by early March. The report will also “review CA program academic integrity policies with the professional conduct and discipline by-laws and regulations, considering specifically how academic misconduct is notified and addressed”.
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