Disciplinary

Regulatory notices

Mr Ebrahim A Sidat

In terms of Regulation 5.30 of ICAS’ Public Practice Regulations, notice is hereby given that the ICAS Authorisation Committee has applied a regulatory penalty of £4,000 to the member, Mr Ebrahim A Sidat of AMS Accountants Group Ltd.

Regulation 3.1 of ICAS’ Public Practice Regulations requires that a member must hold, or be specifically exempt from holding, a practising certificate (PC) in order to engage in practice in the UK. Regulation 3.4 confirms when members will be considered to be engaging in practice, with one provision being their appointment as a principal in a firm providing accountancy or related services.

Mr Sidat has accepted that he was in breach of the Regulations from 2014 until 2022, during which period he was a director of entities providing accountancy or related services.

The Committee was satisfied that a regulatory penalty was appropriate in the circumstances, with the level of the penalty reflecting the fees which Mr Sidat would have paid to ICAS for a PC during the period in question.

Account was taken of mitigating factors, including an apparent misunderstanding on Mr Sidat’s part regarding his separate membership of the Chartered Institute of Taxation, and also the fact that he was proactive in applying to ICAS for a PC in 2022.

Ms Clare Donnelly

In terms of Regulation 5.30 of ICAS’ Public Practice Regulations, notice is hereby given that the ICAS Authorisation Committee has applied a regulatory penalty of £2,000 to the member Ms Clare Donnelly of No Twelve Accounting Ltd.

Regulation 3.1 of ICAS’ Public Practice Regulations requires that a member must hold, or be specifically exempt from holding, a practising certificate (PC) in order to engage in practice in the UK. Regulation 3.4 confirms when members will be considered to be engaging in practice, with one provision being their appointment as a principal in a firm providing accountancy or related services.

Ms Donnelly has accepted that she was in breach of the Regulations from 2020 until 2024, during which period she was a director of an entity providing accountancy or related services.

The Committee was satisfied that a regulatory penalty was appropriate in the circumstances, with the level of the penalty reflecting the fees which Ms Donnelly would have paid to ICAS for a PC during the period in question.

Account was taken of mitigating factors, including a misunderstanding of the requirements based on Ms Donnelly’s separate employment with another company up to 2023, and the proactive nature of her dealings with ICAS in 2024.