Chartered Accountants ANZ members voted to increase the maximum fine for firms from $50,000 to $250,000 to rebuild the sector’s image.
Members of accounting body Chartered Accountants ANZ have voted to increase the maximum fine payable for bad behaviour by member firms to $250,000 from $50,000 as part of disciplinary reformsAbout 6500 members, or 6 per cent of the body’s 136,000-strong membership, voted in favour for 14 reforms that include changes to allow CA ANZ to discipline former members for serious misconduct.
The changes required amendments to the CA ANZ by-laws that could only be approved by a member vote, which was carried out between September and October. The resolutions passed with approval ratings between 77 per cent and 92 per cent.
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