Sunday 17 December 2017

Shane Ross: Accountants' body is fined €10k following complaint

Shane Ross

A complaint from former ISME director Frank Mulcahy has led to the Institute of Chartered Accountants (ICAI) being fined a massive €10,000 by the Irish Auditing and Accounting Supervisory Authority (IAASA), the independent body entrusted with overseeing corporate governance in the profession.

Mr Mulcahy has been in dispute with ISME over many issues, including details of accounts when he worked for the small-business outfit.

The ICAI filters all complaints through its own self-regulatory body, the Chartered Accountants' Regulatory Board (CARB), to which cases against individual member firms are referred.

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