Briefs: Watchdog option
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.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies