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 has breached its ethical code. Which sequence best reflects how a self-regulatory disciplinary process normally operates?
A professional body's disciplinary process normally investigates the complaint, lets the member respond at a hearing, and imposes a sanction such as reprimand, fine or exclusion only if the breach is proved. This respects fairness, rather than automatic expulsion or a members' vote.
- AThe member is automatically expelled, then may ask for an investigation
- BThe government court decides the case first, and the body then records the outcome
- CThe complaint is investigated, the member can respond at a hearing, and a sanction is applied only if the breach is provedCorrect
- DThe complaint is published to the public, and members vote on the sanction
Explanation
Fair disciplinary procedure involves investigation, an opportunity for the member to respond, a decision by an independent panel, and proportionate sanctions such as reprimand, fine or exclusion if proved. Automatic expulsion or a members' vote would breach natural justice.
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