More notorious accountants face the music
"The Institute of Chartered Accountants needs to take some responsibility and establish a fund to compensate the public who have suffered loss at the hands of its members."Featured comment
Bridgecorp’s jailed chief financial officer Rob Roest is among a handful of accountants facing disciplinary action today.
Roest is joined by Five Star Finance’s Anthony Walpole Bowden, sentenced in June to nine months' home detention and ordered to do 400 hours of community work after pleading guilty to two theft charges brought by the Serious Fraud Office.
Roest is serving six years and nine months in prison after being found guilty earlier this year in relation to the collapse of Bridgecorp and his role in buying a luxury launch using $3.5 million of company funds.
It is expected Roest and Bowden will be struck off.
Five accountants face disciplinary action by the Institute of Chartered Accountants.