Tribunal Hearing Of Gray John Davies Case â€Myassignmenthelp.Com

Question: Discuss About The Tribunal Hearing Of Gray John Davies Case? Answer: Introducation The recent disciplinary action to be undertaken by The Disciplinary Tribunal of Australia and New Zealand Institute of Chartered Accountants was that which involved Gray John Davies. This was after the Professional Conduct Committee filed an application that aimed at suspending Gray on account of misappropriating client`s funds. As per the investigation, the tribunal heard that the accused party committed misconducts contrary to the "New Zealand Institute of Chartered Accountants Act 1996":among the particulars of which the Accused of guilty of are;1.He misbehaved in a professional capacity,2.That his conducts were unbecoming for accountant.3.That his negligence in a professional capacity tended to bring disrepute to the accounting professional body.4.Upon being called upon to respond to some of the allegations levelled against him by the institute, he failed to respond promptly and lastly that he breached the rules and the institute's code of conducts. In particulars between 2012 and 2015 Gray allowed payments amounting to $3,500 that belonged to his client to be made to a third party without Alerting his client concerning each payment, obtaining authority from his client to make payments, documenting any permission granted by the customer and therefore all these amounted to the contravention of the Fundamental Principles of Integrity and Quality Performance. Furthermore, it was submitted that Gray had not repaid the amount owed by the third party to his client despite Gray`s promise to the effect that and thus he was in breach of the Professional Behavior of the Code of Ethics (2014).It was also held that Gray failed to take due care and diligence to give accountancy services to his client such as failing to prepare the annual financial statement for his client in a time and failure to file the 2015 tax return. Gray also neglected to respond in time to the communication from the Professional Conduct Committee and as such he was in breach of Rules 13.2 paragraph 130.4 of the Codes of Ethics(2014). Lastly, he failed to attend the final ruling hearing when he was required to do so and thus he was in breach of Rule 13.3(d).Thus in the view of the above allegations levelled against Gray and the subsequent confirmation that they were indeed true, the Institute of Chartered Accountants found it sufficient grounds to suspend Gray John Davie to protect the reputation of the accountancy profession. Reason Why Professional Bodies Publish Their Decisions It has become essential for professional organisations to make their decision public and release them.This is because professional bodies are at the core of any society in ensuring the creation of a society founded on trust and good values. The confidence that member of the public attribute to the professional bodies is immense because it serves as a watchdog and body which the clients turn to in the event its members treats the customers unfairly during execution of their duties (Ikosa, M.M., 2013 ). Due to improved trust, this leads to the reduction in uncertainties and transaction cost. There whenever the members that belong to these professional bodies act in a manner that is not fair to their clients, it is incumbent upon the concerned professional body to take the important measures of interrogating the unbecoming behaviors perpetrated by its members to shield the body from the public and their client disreputation.It is imperative that once a member is caught to have been invo lved in certain malpractices, the proceedings on how this case is tackled should be kept public and the final action was taken against the culprit be published on the platforms that is readily available to the public. By so doing the victims of such malpractices will appreciate that indeed justice has prevailed and this will ensure the continuity of confidence that such a professional body should command. The publication of the decision by the professional bodies also aims at sending a warning to its member of the public disrepute that awaits them in case the act in a manner that is dishonest. By so doing it gives the members some sense of responsibility as their reputation is on the line when undertaking their responsibility. It should be incumbent upon the professional bodies to regulate and promote their respective proffesion.For instance, The General Osteopathic Council (GOsC) has a mandatory responsibility to protect the public by developing and promoting the osteopathic profes sion (Council, G.S.C., 2010). Conclusion Thus the need for professional bodies to publish their decision is based on their commitment to maintaining the transparency and accountability and to provide the qualification that is trusted and that remain open to individuals. These help these professional bodies to act as pacesetter and trailblazer in matters of governance and ethical issues hence setting standards and prosecuting those who contravene those said standard. Reference Simonet, D., 2016. Reforming the French health-care system: the quest for accountability. International Review of Administrative Sciences, p.0020852316648226. Forrer, J., Kee, J.E., Newcomer, K.E. and Boyer, E., 2010. Publicprivate partnerships and the public accountability question. Public Administration Review, 70(3), pp.475-484. Council, G.S.C., 2010. Code of practice. General Osteopathic Council,[Online]. Available at: https://www. Osteopathy. org. UK/uploads/code_of_practice. pdf. Accessed, 7. Bovens, M.A., 2008. Analysing and Assessing Public Accountability. A Conceptual Framework. European Governance Papers (EUROGOV). Dubnick, M., 2009. Accountability and the promise of performance: In search of the mechanisms. Public Performance Management Review, 28(3), pp.376-417 Ikosa, M.M., 2013. The selected perceptions of public relations practitioners about the Public Relations Institute of Southern Africa (PRISA) Namibia (Doctoral dissertation).