Briefs: Watchdog option

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The Independent Online
Accountants would be subject to a separate regulatory body outside the ambit of their professional bodies if a plan backed by a working party of the Institute of Chartered Accountants were adopted.

The recommendation made to the body's council conference last week was one of several options put forward in a discussion paper designed to counter widespread criticism of self-regulation. However, the meeting decided to put off a decision until next year.

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