Responding to a Suspected Illegal Act

Project Status

This is an active project

Staff

Ken Siong

Task Force

Bob Franchini (Chair)

Caroline Gardner

Felicitas Irungu

Isabelle Sapet

Brian Walsh

Objective(s) of project

The goal of the project is to provide guidance for professional accountants on how to respond in situations where they encounter a suspected fraud or illegal act.

This project will include:

(a)    Revisions to Section 140 Confidentiality  to provide additional practical guidance to professional accountants on how to respond when encountering a suspected fraud or illegal act;

(b)   A new section in Part B to provide practical guidance for professional accountants in public practice on how to respond when encountering a suspected fraud or illegal act; and

(c)    A new section in Part C to provide practical guidance for professional accountants in business on how to respond when encountering a suspected fraud or illegal act.