Kenneth Hayne royal commission
Kenneth Hayne hands his final report of the banking royal commission to the government (Image: AAP/Kym Smith)

Most people know that there is a naughty corner that professionals get sent to when they have broken their codes of conduct. Even if you're not sure of specifics, you know that somewhere there is a person who has the job of playing Sherlock Holmes and finding out whether an accountant, lawyer or doctor has wronged their client.

There are statutory authorities  such as the Tax Practitioners Board, which can remove the registration of a practitioner who has failed to behave in accordance with the code of professional conduct, and private sector associations such as CPA Australia and the Institute of Public Accountants. The latter type has disciplinary rules and committees that enforce them where a complaint from a member of the public is valid.