Cork accountancy firm and co-founder fined €20,000 over professional misconduct

MC2 Accountants was also found to have failed to issue the client with an adequate breakdown of fees charged on an invoice. Photograph: iStockA Cork accountancy firm and its co-founder have been fined €20,000 after being found guilty of misconduct by their professional regulatory body.

The Institute of Certified Public Accountants of Ireland issued the accountancy firm, MC2 Accountants of Penrose Wharf, Penrose Quay, Co Cork with a severe reprimand and a fine of €15,000 over its failure to issue a letter of engagement to a client at any stage before issuing the client with an invoice.

MC2 Accountants was also found to have failed to issue the client with an adequate breakdown of fees charged on an invoice issued in August 2018 contrary to the institute’s code of ethics. The practice’s co-founder, Jim McCarthy, was separately reprimanded and fined €5,000 over his failure to issue a letter of engagement to the same client.

They've been given honorary membership of FFG.

More rip offs from those that should know better…?

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