Ex-CIMA council member appeals disciplinary decision
Former CIMA council member Margaret May is appealing the recent decision of CIMA that she violated the institute's code of ethics and misconduct.
Her lawyer Garrett Byrne of 4-5 Gray’s Inn Square confirmed that May is appealing the decision. She now has a 21-day window from when the decision letter was received in which to lodge an appeal.
Last week May was ordered to pay costs of £55,000 to CIMA after "failing to act with integrity and professionalism"; however Byrne, who will be representing her throughout, has since claimed that the average cost handed down in misconduct cases is £2,000.
May's appeal is expected to highlight the politics at the institute and whether CIMA committee members were looking to advance their own agenda.
A CIMA spokesperson told AccountingWEB:
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Disciplinary Process far from fair
As having had some experience of the ICAEW disciplinary process I know it's far from fair. The committee likes scapegoats - and the smaller the fish the harsher fine you will receive for having done nothing wrong whatsoever so they can prove how good they are at routing out bad apples (who cares about sole traders - they aren't really one of us are they lads). All you need is one bad client or unqualified accountant taking over lying and that's that - you're fined 3 times what someone convicted of child porn offence is. Those investigating complaints haven't got the integrity of the members - they're generally only there for appearances sake. Don't join an institute is my advice.