Andrew Losurdo

Member’s name: Andrew Losurdo
Date of Hearing: 8 December 2021
Division: New South Wales
Tribunal: Disciplinary Tribunal 

On 8 December 2021 the Disciplinary Tribunal found that Mr Andrew Losurdo breached the 14 May 2019 Constitution: 

1. Article 39(a)(ii)F, in that he had ‘been the subject of an adverse finding that has not been overturned on appeal in relation to the Member's conduct, competence or recognition by any Court, professional body, statutory or other regulatory authority in any jurisdiction’ in respect of the decision of the Tax Practitioners Board dated 17 December 2020.
2. Article 39(a)(ii)A, by breaching By-Law 9.1(a), in providing Public Accounting Services within the Commonwealth of Australia without holding a current Public Practice Certificate.
3. Article 39(a)(ii)A, by breaching By-Law 5.2(a)(ii) and/or 5.2(b)(ii) of the 29 May 2020 By-Laws, by failing to “provide a satisfactory explanation with respect to the matters referred to in the Complaint” to CPA Australia.

Mr Losurdo attended the Disciplinary Tribunal Hearing and admitted Complaint 1 and denied Complaints 2 and 3.

Penalty and Costs:

The Disciplinary Tribunal found the Complaints sustained and imposed the following penalties:

Complaint 1:

• a severe reprimand 

Complaint 2:

• forfeiture of membership for a period of 12 months
• prior to any application for re-admission and if providing Public Accounting Services, the member must complete the entire CPA Program and obtain a Public Practice Certificate.

Complaint 3:

• a severe reprimand
• a fine of $1000

The Disciplinary Tribunal imposed a contribution to CPA Australia’s costs of $2,729.94 to be paid prior to readmission to membership.