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The Association of Chartered Certified Accountants (ACCA) has announced the launch of its regulatory board and hailed it as a key development in the evolution of the body’s governance arrangements.
The board will oversee work in licensing practitioners, setting standards, monitoring firms of accountants, fulfilling lead regulator requirements and investigating complaints.
It comprises three members of the ACCA council and seven independent appointees - non-accountants - one of whom is the lay chairman, Katrina Wingfield of Penningtons Solicitors. Full details of the board members can be found at on the association's website.
Peter Large, the organisation's executive director – governance, said: ‘Placing oversight of regulation and discipline at arm’s length from the governance of [our] other activities helps to reassure stakeholders that the ACCA’s arrangements are operated impartially, with integrity and in the public interest.'
