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ACCA Applied Knowledge · Business and Technology · The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession

A professional accountancy body receives a complaint that a member breached its code of ethics. After investigation, the disciplinary committee finds the breach proven. Which of the following is the sanction available to the body that most directly protects the public by preventing continued practice?

Removing the member from membership or withdrawing their practising certificate is the sanction that most directly protects the public, because it stops the member from continuing to practise. Issuing reminders or updating codes does not penalise the individual.

  1. AIssuing a private reminder to the member's employer about ethics training
  2. BPublishing an updated version of the code of ethics
  3. CRemoving the member from membership or withdrawing their practising certificateCorrect
  4. DRequiring the member to attend the body's annual dinner

Explanation

Disciplinary bodies can reprimand, fine, suspend, or expel members and withdraw practising certificates. Withdrawing the certificate or membership stops the member from practising, which protects the public. Publishing a code or reminding an employer does not sanction the member.

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