Former Nanaimo chief financial officer loses CPA designation, must pay fine

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Former Nanaimo chief financial officer loses CPA designation, must pay fine
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Victor Mema was found guilty of “unprofessional conduct” for his actions while employed with Nanaimo and Sechelt by a discipline tribunal of the Chartered Public Accountants of Alberta

A former City of Nanaimo director of financial services has had his certified public accountant designation pulled by the Alberta association that originally issued it.

The tribunal, which issued its order March 4, found Mema violated Alberta’s Chartered Professional Accountants Act and regulations, bylaws and rules of professional conduct for its members. He must reimburse Sechelt for funds misappropriated in 2014 and 2015, and has been ordered to repay Nanaimo for $14,148.97 in unauthorized personal expenses that he incurred when employed there after he left the Sunshine Coast.

In addition, the ruling said he failed to submit reports on his corporate credit card use in a timely manner and that he failed to promptly reimburse those expenses when his employment with Sechelt ended in 2015.

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