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Top tips for managing an accountancy disciplinary investigation
Julie Matheson
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Video 1
Understanding the changes to the ICAEW's Code of Ethics: key changes to the professional behaviour principle
Video 2
Understanding the changes to the ICAEW's Code of Ethics: Implications for firms
Video 3
Understanding the changes to the ICAEW's Code of Ethics: when and how to report a potential breach of the code
The ICAEW has indicated that it is expanding the definition of “Professional Behaviour” in its Code of Ethics to cover bullying, harassment, victimisation and unfair discrimination. Senior Leaders in accountancy firms need to be mindful of this important change: what should you do when behaviours which might breach the principle of Professional Behaviour are identified? An investigation should be undertaken, but it must be robust, fair and comprehensive. Potential criminal issues should also be navigated very carefully. You will then need to decide if, and how, any poor behaviours are reported to the regulator.
In our video mini-series Head of Accountancy Advisory Julie Matheson explains the changes to the wording of this key part of the ethical code, as well as the impact on members and firms which may identify behaviour falling foul of the principle.
In the first instalment of the series, Julie describes the important changes to this longstanding ethical requirement and how they could impact ICAEW members.
Second instalment: Understanding the changes to the ICAEW's Code of Ethics: implications for firms
In the second instalment of the series, she examines the responsibilities of ICAEW member firms to report conduct which might fall foul of the Code, discusses the steps required to establish whether there is reportable conduct and provides some guidance on how to conduct an effective and robust investigation.
In the third instalment in the series, Julie provides some guidance on how to report an alleged breach of the Code to the ICAEW, and discusses matters firms should consider prior to making a report.
Should you wish to discuss a firm’s responsibilities under the ICAEW Code and Disciplinary Byelaws, please contact Julie on jmatheson@kingsleynapley.co.uk
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