Former ICAEW practitioner hit for £10,000

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The ICAEW disciplinary system is quite assiduous about enforcing its rules on reporting and compliance - for example by fining accountants who fail to submit their CPD records.

But one accountant who tried to walk away from his professional obligations ended up with more than £10,000 in fines and costs after quitting practice, but failing to tell the institute or responding to its disciplinary enquiries.

The institute’s February disciplinary report contains details of two complaints against Leeds-based former sole practitioner Philip Oddy. The issues surrounding his practice...

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