slide1
Download
Skip this Video
Download Presentation
Professions Australia Graham Meyer Chief Executive Officer

Loading in 2 Seconds...

play fullscreen
1 / 7

Professions Australia Graham Meyer Chief Executive Officer - PowerPoint PPT Presentation


  • 129 Views
  • Uploaded on

Professions Australia Graham Meyer Chief Executive Officer. charteredaccountants.com.au. Professional conduct. The primary purpose of the Institute’s disciplinary process is to protect the reputation of the Institute and the Chartered Accountants designation

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Professions Australia Graham Meyer Chief Executive Officer ' - ashanti


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

Professions Australia

Graham Meyer

Chief Executive Officer

charteredaccountants.com.au

slide2

Professional conduct

  • The primary purpose of the Institute’s disciplinary process is to protect the reputation of the Institute and the Chartered Accountants designation
  • The Institute’s Professional Conduct function rigorously enforces ethical, technical and professional standards through investigation of complaints and other issues which come to our attention concerning members’ conduct
  • Judging peers – Professional Conduct Tribunal is made up of senior members of the Institute and non-members
  • Professional Conduct processes are transparent and independent
slide3

Regulatory framework

  • No single body responsible for regulating the accounting profession in Australia
  • Regulatory bodies for specific functional areas: ASIC, Tax Agents Board, APRA, ITSA
  • Institute does not have legal power and not responsible for redress or compensation
  • Institute’s disciplinary process follows the regulatory and court process
slide4

Institute membership

  • 46,000 members
  • In the FY 2007 - 317 formal investigations against members
  • Only 11 members called to appear before the Professional Conduct Tribunal
  • Only one member was excluded from membership – the Institute’s ultimate sanction
slide5

Force of law

  • Corporate collapses of Enron and HIH Insurance focused attention on corporate regulation and governance
  • Auditing standards now have force of law
  • New oversight bodies have been established:
    • Financial Reporting Council
    • Audit Quality Review Board
    • Accounting Professional and Ethical Standards Board
slide6

Trial by media

  • Media often get involved in disciplinary cases
  • Greg Lay:
    • Greg Lay, Chartered Accountant involved in ASICs case against employer Steve Vizard
    • Highly publicised case against Lay and the Institute - criticised for not placing sanctions against him
    • Media showed misunderstanding of issues
  • Institute can be criticised and reputation damaged by media reports
  • Private hearings – journalists not invited
  • Requires careful management
slide7

Graham Meyer

Chief Executive Officer

Institute of Chartered Accountants in Australia

charteredaccountants.com.au

ad