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 found by its disciplinary committee to have breached the body's code of ethics. Which of the following is a sanction the body can itself impose?
A professional body can withdraw or exclude a member from membership, as its powers come from the membership relationship. It cannot imprison anyone, which is for the courts, nor stop the person working in other professions entirely.
- AImprisonment of the member
- BWithdrawal of the member's membership of the bodyCorrect
- CRemoval of the member's right to work in any profession
Explanation
A professional body's powers derive from membership, so it can reprimand, fine, suspend or expel members. Imprisonment is a matter for the courts, and a body cannot bar someone from all professions.
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