This coming from an ex-lawyer and unionist now very, very rich!!

But he has a point not that Management Accountants are the same as Chartered Accountants (they are not) .......but that Accountants should be people who really do draw the line at poor ethics and morality, they are mean to be the MD's right had person who knows what is right and wrong...
.. and should have the personal honesty to say so, to insist that you cannot do some things because it is wrong, criminally wrong. That's ethics in play! 
In  the sense above, the punishment of a lapsed professional should be all the greater!