Disciplinary outcome: David Caldwell
Order by consent
In the matter of
Mr David Caldwell MAAT
Business name
Ormskirk Accounting Ltd
Membership number
272774
Date
04 June 2026
Misconduct
- He did not comply with his obligations under the Money Laundering Regulations in force while providing accountancy and/or related services on a self-employed basis. Specifically, he failed to:
- conduct a regular compliance review of his firm’s anti-money laundering controls; and/or
- effectively perform and document client due diligence (CDD) for one or more clients; and/or
- perform ongoing CDD for one or more existing clients.
- He failed to prepare a set of charity accounts in accordance with the Charity Commission for England and Wales.
- He provided Limited Assurance Engagement whilst not approved to do so.
- He failed to issue letters of engagement to one or more clients that were fully compliant with paragraph 5 of AAT’s Client Care Policy.
Finding
By reason of the conduct set out in the Allegations above, David Caldwell is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.
Order
- Reprimanded for a period of three years.
- Fined £3,500.00.
- Deemed ineligible to hold fellow member (FMAAT) status for three years.
- Warned about his future conduct.
Consent
The decision of the Investigations Team shall stand as an Order of the Association pursuant to Regulations 5.2 and 5.3 of the Disciplinary Regulations.
