Climate of Understanding Will Let Regulator Sharpen Its Claws; Icas May Lift Threat of Boycott If Issue of Third Parties Is Resolved
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Summary
AMID renewed concern over the integrity of company accountants after the Parmalat affair, The Herald has learned that the UK profession's new flagship regulator is calling for stronger powers to clamp down on wrongdoers.
The fledgling Investigation and Discipline Board, which will investigate the most serious allegations of misconduct against accountants, wants the right to force other individuals who may be embroiled in corporate accounting scandals to give evidence to its inquiries.See the full content of this document
Extract
Climate of Understanding Will Let Regulator Sharpen Its Claws; Icas May Lift Threat of Boycott If Issue of Third Parties Is Resolved
The board fears that it may otherwise be powerless to take action against crooked accountants because it will not have enough corroborative evidence from third parties.
...See the full content of this document
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