Regulatory physique suspends membership of P.E.I. accountant for two years

A Charlottetown-based chartered skilled accountant has had his membership suspended for 2 years by his occupation’s regulatory physique.

A discover on the Chartered Skilled Accountants of Prince Edward Island web site says Rodney R. Payne was suspended as of Dec. 1, 2022, “for a interval of at the very least 24 months” after a grievance was filed with the registrar.

The discover says that grievance alleged Payne engaged in conduct that “falls under the requirements of the occupation, together with failure to finish duties and to file required documentation which led to dishonesty and lack of candour in direction of shoppers and the Canada Income Company.”

Payne should pay prices of $25,000 in reference to the investigation, the discover says. If he needs to be reinstated after the 24-month suspension, he must function underneath a monitor’s supervision for 12 months. He should additionally take further ethics coaching. 

A document listing the reasons for chartered accountant Rodney Payne's professional suspension.
This discover posted by the Chartered Skilled Accountants of Prince Edward Island says Rodney R. Payne’s membership suspension took impact on Dec. 1, 2022. (Carolyn Ryan/CBC)

Payne labored at Fitzpatrick & Co. till somewhat over a yr in the past, a workers member instructed CBC Information. The agency wouldn’t share every other particulars. 

Payne declined to remark, citing important privateness and confidentiality considerations. 

The chartered skilled accountants’ regulatory physique did not reply to requests for extra info or an interview.