Du Val collapse: Waikato accountant guilty of discrediting profession

BusinessDesk

28 Jul, 2025 05:03 AMQuick Read

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The situation was aggravated by having direct contact with Du Val founder Kenyon Clarke, the tribunal heard.

A Waikato chartered accountant has pleaded guilty to unbecoming conduct and discrediting the profession, following the collapse of property group Du Val.

The accountant admitted four charges at a New Zealand Institute of Chartered Accountants (NZICA) disciplinary tribunal hearing in Wellington on Monday.

Du Val was placed into statutory management
in August 2024, owing an estimated $306 million.

The accountant’s name was suppressed until 5pm on Tuesday to allow their firm to inform clients.

Du Val was a major client for the person, who provided external compilation and tax compliance services to the group.