Regulatory Alerts2026-03-27
AFM Fully Upheld in Disciplinary Case Against Accountant of Scrap and Gold Trading Firm
The Dutch Authority for the Financial Markets (AFM) successfully pursued a disciplinary complaint against an accountant for a scrap and gold trading firm, resulting in the Accountantskamer upholding all allegations due to insufficient fraud risk analysis and inadequate audit procedures for the 2020 financial statements. The disciplinary ruling mandates the immediate deletion of the accountant’s registration from the official registers, prohibiting professional practice for six months before reapplication is permitted. This enforcement action reinforces the requirement for accounting firms to maintain rigorous professional competence and due care to preserve public trust in financial reporting.
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