Peterhead accountant excluded by professional body for dishonest conduct
Professional accountancy body ACCA has excluded one of its members for falsifying a bank statement and submitting misleading accounts.
Alexander James Anderson, from Peterhead, was excluded from membership following a disciplinary hearing of ACCA (the Association of Chartered Certified Accountants) on February 16.
Mr Anderson faced allegations that he falsified a bank statement/account summary in the name of ‘Company A’ for the year ended December 31, 2016; and included or caused or permitted the bank statement/account summary to be among the documents made available to the auditors of ‘Company A’.
It was also alleged that Mr Anderson prepared misleading management accounts for ‘Company A’ by overstating the stock values and understating creditors by approximately £1,484,000, thereby resulting in the profits and balance sheet being overstated; and included or caused or permitted the misleading accounts to be among the documents made available to the auditors in connection with the audit of ‘Company A’ accounts for the year ended December 31, 2016.
The disciplinary committee found proved the allegations against Mr Anderson, and that his conduct had been dishonest.
As a result Mr Anderson was found guilty of misconduct, and as well as being excluded from membership, he was ordered to pay costs to ACCA in the sum of £8,233.
The decision of ACCA’s disciplinary committee may be the subject of an appeal.