Mr Yeo Chiew Khiang, David

UPON FINDING that Mr Yeo Chiew Khiang, David, CA (Singapore) had contravened Rule 64.1 read with Rule 64.4 of the Institute (Membership & Fees) Rules read with Section 150.1, 150.2 and Section 250.2 of the Code of Professional Conduct and Ethics under the Third Schedule of the Institute (Membership & Fees) Rules in that he had made disparaging references or unsubstantiated adverse comparisons about the work of another company and his professional colleagues, 

The Disciplinary Committee ordered: 

That he be required to complete a refresher course on ethics at his own expense, so as to familiarise himself with the Code of Professional Conduct and Ethics and the requirements therein relating to professional behaviour. In addition, he would also be required to demonstrate his remorse by sending a formal letter of apology to the Complainant (with the Institute included in copy) and make the necessary arrangements to meet with and personally apologise to the Complainant.

Mr Lee Chee Sum Gilbert 

UPON FINDING that Mr Lee Chee Sum Gilbert, CA (Singapore) and Public Accountant had contravened Rule 64.4 of the Institute (Membership and Fees) Rules read with Section 130.1(b), of the Code of Professional Conduct and Ethics under the Third Schedule of the Institute (Membership and Fees) Rules in that he had not acted diligently in accordance with applicable technical and professional standards, that is, SSA 200 para 15 and SSA 240 paras 12 to 14, when performing professional activities or providing professional services,

The Disciplinary Committee ordered:

1. That pursuant to Rule 137.1.3 of the Institute (Membership and Fees) Rules, he be fined the sum of SGD$10,000.

2. That pursuant to Rule 167 of the Institute (Membership and Fees) Rules, he and Ms Tiang Yii shall be jointly and severally liable to pay the Institute the sum of SGD30,014 (inclusive of 7% GST), being the costs and expenses incurred by the Institute in connection with the investigation and disciplinary proceedings undertaken against them.

3. That pursuant to Rule 137.1.5 of the Institute (Membership and Fees) Rules, he be required to complete training courses on (i) revenue recognition; (ii) audit planning; (iii) fraud considerations and (iv) risk assessment within 6 months of the date of the order at his own expense, with the results to be reported to the Institute.

Ms Tiang Yii

UPON FINDING that Ms Tiang Yii, CA (Singapore) had contravened Rule 64.4 of the Institute (Membership and Fees) Rules read with Section 130.1(b), of the Code of Professional Conduct and Ethics under the Third Schedule of the Institute (Membership and Fees) Rules, in that she had not acted diligently in accordance with applicable technical and professional standards, that is, SSA 200 para 15 and SSA 240 paras 12 to 14, when performing professional activities or providing professional services,

The Disciplinary Committee ordered:

1. That pursuant to Rule 137.1.3 of the Institute (Membership and Fees) Rules, she be fined the sum of SGD$10,000.

2. That pursuant to Rule 167 of the Institute (Membership and Fees) Rules, she and Mr Lee Chee Sum Gilbert shall be jointly and severally liable to pay the Institute the sum of SGD30,014 (inclusive of 7% GST), being the costs and expenses incurred by the Institute in connection with the investigation and disciplinary proceedings undertaken against them.

3. That pursuant to Rule 137.1.5 of the Institute (Membership and Fees) Rules, she be required to complete training courses on (i) revenue recognition; (ii) audit planning; (iii) fraud considerations and (iv) risk assessment within 6 months of the date of the order at her own expense, with the results to be reported to the Institute.