Zishan Bhojani also known as Shawn Bhojani of Vernon, British Columbia
In order to resolve a disciplinary proceeding before a Panel of CPABC’s Disciplinary Committee concerning professional misconduct alleged against him, Zishan Bhojani also known as Shawn Bhojani of Vernon, British Columbia has agreed to the voluntary suspension of his membership in the Organization of Chartered Professional Accountants of British Columbia (“CPABC”) for a period of 12 months, commencing on March 31, 2025, and the voluntary relinquishment of the public practice license issued to him by CPABC, effective on March 31, 2025.
The professional misconduct alleged against Mr. Bhojani includes several breaches of CPABC’s Bylaws and numerous breaches of the CPABC Code of Professional Conduct, including: failing to comply with the standards of professional practice set out in the CPA Canada Handbook; engaging in public practice in British Columbia without a Public Practice licence from CPABC and without professional liability insurance; engaging on several occasions in the practice of law contrary to the Legal Professions Act of BC by effecting the sale of corporate shares, changing the corporate directors and submitting corporate filings; being in a conflict of interest; giving false or misleading advice to clients; falsely indicating a date in a purchase of business agreement; backdating an invoice to a client to misrepresent the date of the purchase of corporate shares; preparing and filing a false or misleading T2 tax return with the Canada Revenue Agency (CRA); failing to prepare and file clients’ personal and corporate tax returns by the due date or at all resulting in potential interest and penalties being due to CRA; making false or misleading statements to clients; failing to respond to communications in a timely manner or at all on numerous occasions; failing to provide tax advice to a client resulting in instalment and arrears interest owing to CRA by the client; providing advice to a client that was contrary to the requirements of the Income Tax Act of Canada; failing to return documents to clients; failing to cooperate with the successor accountant; failing to respond promptly or at all to CPABC’s Investigator; failing to prepare financial statements for corporate entities causing reputational damage with the bank and difficulty in obtaining financing; preparing false or misleading financial statements; preparing a Notice to Reader Report with corporate financial statements which were false or misleading; providing false or misleading statements to CPABC staff; failing to file a T5 tax return with CRA by the due date; failing to provide CRA with requested information resulting in the client’s business investment loss being disallowed; and failing to establish, maintain and uphold appropriate policies and procedures to ensure that professional services were provided with integrity and due care and in a timely manner.
Mr. Bhojani has admitted to the above allegations that CPABC has made against him.
Mr. Bhojani has agreed to pay $53,000.00 towards CPABC’s costs of the disciplinary proceeding and pay a fine of $5,000.00.
During the 12 month period of the voluntary suspension of Mr. Bhojani’s membership in CPABC, he cannot use or display the designations “Chartered Professional Accountant”, “Chartered Accountant”, or “Professional Accountant”, the initials “CPA”, “CA”, “CPA, CA”, or “PA”, imply, suggest, or hold out that he is a Chartered Professional Accountant or Professional Accountant in British Columbia, or engage in providing or offering to provide public accounting services or other regulated services to the public in British Columbia.
