Summary of Decision re: Irina Vassitchko 

Summary of Complaint and Investigation 

A complaint was initiated against Irina Vassitchko (the “Respondent”) by her employer. The complaint alleged that the Respondent, in her role as the controller of a not-for-profit entity, transferred funds from a trust account on multiple instances to the organization’s operating account to cover the cost of operations. An Investigation Panel was appointed and undertook an investigation into the allegations. 

Disposition 

The investigation found evidence that the Respondent knowingly improperly transferred funds from what was meant to be a trust account. Evidence was also found that the Respondent failed to reconcile the trust account on a monthly basis and failed to implement and follow appropriate internal controls.  

The Investigation Panel concluded that there is sufficient evidence that the Respondent’s conduct in this matter, if proven at a hearing, would constitute professional misconduct meriting a disciplinary outcome. It determined that it is in the public interest to resolve the matter with the Respondent by a Resolution Agreement pursuant to By-law 8.7.5.3.3. Ms. Vassitchko accepted a consensual reprimand for the conduct described above and has agreed to resign her membership in CPA Nova Scotia. 

Sanctions 

The Resolution Agreement between the Investigation Panel and Ms. Vassitchko includes the following principal terms: 

a) The Respondent accepts a Reprimand; 
b) The Respondent will resign from membership in CPA Nova Scotia; 
c) The Respondent will contribute to the costs incurred in the investigation of the complaint; and 
d) Should the Respondent apply for reinstatement of her registration as a member, she must: 
a. Complete professional development courses on professional ethics, internal controls, and controller skills as approved by CPA Nova
Scotia; and 
b. Be restricted from accessing or having signing authority for any trust or bank account held by a third-party. 

The Reprimand and Resolution Agreement became effective on May 27, 2026.