New Zealand
At a hearing held on the 6th day of March 2000, the Disciplinary Tribunal of the Institute of Chartered Accountants of New Zealand heard a charge against Kaua Te Rangi Reedy of Gisborne.
The member had been convicted in the Court of an offence punishable by imprisonment, theft by failure to account, which reflected on his fitness to practise accountancy and tended to bring the profession into disrepute. The charge before the Court was that as auditor of the Rehare Mahemahe Trust, Kaua Te Rangi Reedy received a cheque for $9,000.00 made out to the trust, but deposited in to his own Visa account without authority.
After receiving evidence and hearing submissions on behalf of the Professional Conduct Committee, the Disciplinary Tribunal found the member:
(a) Guilty of a breach of the honesty and fiduciary obligation and trust that was a fundamental requirement of a member of the institute.
(b) Guilty of an act discreditable to a chartered accountant.
(c) Guilty of unprofessional conduct.
The tribunal ordered that:
? Pursuant to Rule 21.31 of the institute's rules, Kaua Te Rangi Reedy be removed from the Register of Members of the Institute.
? Pursuant to Rule 21.33 of the institute's rules, the member pay to the institute the sum of $1,455.00 in respect of costs.
? Pursuant to Rule 21.35 of the institute's rules, the decision of the tribunal be published in the Chartered Accountants Journal, the New Zealand Gazette and the Gisborne Herald.