Regulatory Alerts2026-05-27
AFM Upheld in Appeal Regarding Disciplinary Case Against External Accountant
The Dutch Authority for the Financial Markets (AFM) successfully upheld its disciplinary action against an external accountant after the Administrative Jurisdiction Division of the Council of State (CBb) dismissed the accountant's appeal as entirely unfounded. The court confirmed the Accountants Chamber's 2022 ruling, which found the accountant failed to maintain professional skepticism and gather sufficient audit evidence for two statutory audits, warranting a three-month suspension from the professional register. This decision reinforces the regulatory framework's commitment to enforcing professional competence, ensuring public trust in financial statements, and applying disciplinary sanctions for serious breaches of due care.
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