ACCA Applied Knowledge · Business and Technology · The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession
A member of a professional accountancy body is alleged to have breached the body's code of ethics. Which action is the body's disciplinary process most likely to be able to take if the allegation is proven?
If the breach is proven, the professional body can reprimand or fine the member, or remove them from membership. Imprisonment is a criminal court matter, and the body has no authority over the employer's contracts, since its powers relate only to its own members.
- AImpose a prison sentence on the member
- BWithdraw the member's membership or impose a fine or reprimandCorrect
- CCancel the member's employer's contracts with its customers
Explanation
A professional body's disciplinary powers are contractual and limited to its members: sanctions include reprimand, fine, additional training, and exclusion from membership. Imprisonment is a matter for the courts, and a body has no power over an employer's customer contracts.
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