At a hearing of the Disciplinary Tribunal of the Institute of Chartered Accountants of New Zealand held on the 20th day of November 2002, the tribunal considered an application from the Professional Conduct Committee for interim suspension of Mathew James Arcus, chartered accountant of Wellington, who, in his role as an employee, without authorisation or knowledge of his employer, misappropriated funds to the value of around $30,000 for his own private purposes.
The tribunal resolved unanimously, pursuant to Rule 21.20 of the Rules of the Institute of Chartered Accountants of New Zealand issued under the Institute of Chartered Accountants of New Zealand Act 1996, to suspend Mathew James Arcus from membership on the following terms:
(a) The tribunal is satisfied that it is necessary and desirable, having regard to the interests of the public, that Mathew James Arcus be hereby suspended from membership of the Institute of Chartered Accountants of New Zealand pending the further order of the tribunal.
(b) Following the expiration of 14 days from the
giving of notice of this decision to Mathew James Arcus, notice of the suspension be published in
The Dominion Post, the New Zealand Gazette and
the Chartered Accountants Journal of New Zealand.
Dated this 18th day of December 2002.
ANTHONY N. FRANKHAM, Chairman, Disciplinary Tribunal.