Corporate and Professional - Disciplinary Action - Law Assignment

Internal Code : MAS4872

Law Assignment

The Institute of Chartered Accountants website, like other accounting bodies around the world, publishes notices of disciplinary decisions based on complaints against its members. Go to the Institute of Chartered Accountants website at www.charteredaccountants.com.au. Search ‘decisions-register’. Download the latest professional conduct annual report and answer the following questions, avoiding the legal jargon. Required: A. Summarise the investigations and tribunal hearings, listing the nature of at least 3 common allegations, against the members of the accounting profession. B. Explain why professional bodies, like Chartered Accountants, publish their decisions. QUESTION 2:  “Financial accounting statements such as Balance Sheets, Income Statements and Cash Flow Statements report past events. Despite this they are used by stakeholders to make decisions for the future.” Choose a specific user group and provide an example to support this statement. Choose a specific user group and provide an example to support this statement.