Administrators must face review
Tuesday 06 July 1993
The move, stemming from their acceptance of the Polly Peck appointment, was ordered by the practice regulation review committee of the Institute of Chartered Accountants in England and Wales. It overturns a decision in April by the insolvency licensing committee to impose restrictions on their licences. However, if the licensing committee is not satisfied with the review findings it can decide on further action.
The institute yesterday strongly defended the comparatively light penalty, which is being seen as a sign of failure by the accountancy profession to control the conduct of leading firms and prominent individuals.
The review is intended to be completed by the end of this month. But Coopers & Lybrand, which will bear the costs of its insolvency specialists, has asked that it cover general practice procedures as well.
Mr Jordan and Mr Stone were each fined pounds 1,000 by the institute's disciplinary committee last October for breaching ethical guidelines.
- 1 Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
- 2 Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 4 Sussex couple die in suspected Christmas Day 'suicide pact'
- 5 The Unluckiest People of the Year 2014 (and one very unlucky giraffe)
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
UK weather: Travel chaos continues as King's Cross train delays add to snow on roads
The Unluckiest People of the Year 2014 (and one very unlucky giraffe)
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Immigrants make UK racist, says Ukip councillor Trevor Shonk
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...