improper professional conduct

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The order also finds that RSM US engaged in improper professional conduct within the meaning of Rule 102(e) of the SECs Rules of Practice by virtue of its violations of the auditor independence requirements.
The order also finds that RSM US engaged in improper professional conduct within the meaning of Rule 102(e) of the SEC's Rules of Practice by virtue of its violations of the auditor independence requirements.
The SEC’s order finds that RSM US violated the auditor independence provisions of the federal securities laws and caused the audit clients to violate their obligations to have their financial statements audited by independent public accountants.0x20 The order also finds that RSM US engaged in improper professional conduct within the meaning of Rule 102(e) of the SEC’s Rules of Practice by virtue of its violations of the auditor independence requirements.
The Commission may disqualify, and deny, temporarily or permanently, the privilege of appearing or practicing before it in any way to any person who is found by the Commission after hearing in the matter 1) not to possess the requisite qualifications to represent others; or 2) to be lacking in character or integrity or to have engaged in unethical or improper professional conduct. [ILLUSTRATION OMITTED]
Mr van Buitenen, a Renouveau et D?mocratie union member, had submitted the file to OLAF on August 31, 2001, making reference to the allegations of improper professional conduct. He became widely known three years ago through his accusations of cronyism and poor administration in the Santer Commission, especially against ex-Commissioner Edith Cresson, which eventually triggered the first-ever collective resignation of the EU's executive board.
His "improper professional conduct" stemmed from the accounting treatment of University Park Hotel (a 1987 acquisition of Kahler's), which resulted in incorrect net gain and loss realization, erroneous classification of the interest as an asset for sale and improper application of accounting method dates.
However, surrenders while the physician is under investigation prompted by allegations of incompetence or improper professional conduct, as well as surrenders in return for not conducting such investigations, are reportable.
The Securities and Exchange Commission suspended three former BDO USA LLP accountants for their improper professional conduct during an audit of an exchange-listed insurance company.
On June 19, the SEC announced its finding that Andersen's audit reports on financial statements for Waste Management, Inc., were materially false and misleading and that the Big Five firm had engaged in improper professional conduct. Without admitting or denying the allegations or findings, Andersen agreed to the first antifraud injunction in more than 20 years and the largest civil penalty ever in an SEC enforcement action against a Big Five firm--$7 million.
These factors led to the SEC's suspension of Potts for improper professional conduct. It stated that he had acted with reckless disregard of his duties as an independent auditor.
The SECs orders find that Deloitte & Touche Chartered Accountants in Zimbabwe and KPMG in Zimbabwe violated Section 102 of the Sarbanes-Oxley Act, and BDO Canada LLP and KPMG in South Africa engaged in improper professional conduct, violated Rule 2-02 of Regulation S-X, and caused the audit client to violate its reporting obligations.
However, the majority opinion of the commission held that Rule 102(e) does not require "a particular mental state, and that negligent actions by a professional may, under certain circumstances, constitute improper professional conduct."