Cork accountancy firm reprimanded by CPA Ireland

Firm also fined €15,000 over its failure to issue a letter of engagement to a client at any stage before issuing the client with an invoice

The practice’s co-founder, Jim McCarthy, was also separately reprimanded and fined €5,000 over his failure to issue a letter of engagement to a client.

A Cork accountancy firm and its co-founder have been fined €20,000 after being found guilty of misconduct by their professional regulatory body.

The Institute of Certified Public Accountants of Ireland issued the accountancy firm, MC2 Accountants, of Penrose Wharf, Penrose Quay, Cork, with a severe reprimand and a fine of €15,000 over its failure to issue a letter of engagement to a client at any stage before issuing the client with an invoice.