At a hearing of the Disciplinary Tribunal of the Institute of Chartered Accountants held on the 10th day of May 2001, the Tribunal noted that the member pleaded guilty to the following charges:
THAT in terms of the Institute of Chartered Accountants of New Zealand Act 1996 and the Rules made thereunder, and in particular Rule 21.30, the member had:
- Been guilty of negligence or incompetence in a professional capacity, and that this had been of such a degree or so frequent as to reflect on his fitness to practise as an accountant or tended to bring the profession into disrepute.
- Breached the rules of the institute by offering accounting services to the public without being the holder of a Certificate of Public Practice (Rule 18).
- Breached the code of ethics of the Institute.
IN THAT
- The member had been acting as a chartered accountant in public practice without being the holder of a certificate of public practice.
- The member had attempted, without authority, to sell the assets of a client company.
- At a time when he was not the receiver of that company, the member held himself out to be the receiver.
- After being advised that he should apply for a certificate of public practice, the member failed within a reasonable and proper time to regularise his status with the institute.
- The member made use of a letter of appointment as receiver from a third party dated the 21st day of July 2000, in circumstances where a debenture had not been acquired, and the member had not been properly appointed.
Orders of the Tribunal:
(a) Pursuant to Rule 21.31 (a) of the Rules of the Institute of Chartered Accountants of New Zealand, the Disciplinary Tribunal ordered that Colin Frederick Currie be removed from the Register of Members of the Institute.
(b) Pursuant to Rule 21.33 of the Rules of the Institute of Chartered Accountants of New Zealand, the Disciplinary Tribunal ordered that the member pay to the Institute the sum of $2573.78 (inclusive of G.S.T.) in respect of the costs and expenses of the hearing before the Disciplinary Tribunal and
the investigation by the Professional Conduct Committee.
In accordance with Rule 21.35 of the Rules of the Institute of Chartered Accountants of New Zealand, the Disciplinary Tribunal directed that this decision be published in
the Chartered Accountants Journal of New Zealand, the
New Zealand Gazette and the Waikato Daily Times with mention of the former member's name and locality.
Dated this 25th day of May 2001.
A. N. FRANKHAM, Tribunal Chairman.