Skip to content

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 an investigation, a disciplinary committee finds the complaint proven. Which sanction is within the power of the professional body, rather than only a court?

A professional body can exclude a member from membership, because its disciplinary powers come from its membership rules. Prison sentences and criminal fines can only be imposed by courts, and the body has no authority to close an employer, so those options are outside its powers.

  1. AExclusion of the member from membershipCorrect
  2. BA prison sentence for the member
  3. CAn unlimited criminal fine
  4. DClosure of the member's employer

Explanation

A professional body's powers derive from membership rules, so it can reprimand, fine within its rules, withdraw practising certificates or expel a member. Prison sentences and criminal fines require a criminal court. A body cannot close the member's employer, since it has no authority over it.

Did you get it right without looking?

One question tells you little. A timed set on The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession shows your real accuracy, how long you take and where you lose marks.

Practise The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy professionFree diagnostic mock

More The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession questions