A THINK TANK designed to improve financial practice in the City has suspended a senior manager and called in the police over alleged fraud in the organisation.
The International Centre for Financial Regulation (ICFR) has reported the incident to the City of London Police.
“The ICFR can also confirm that a member of the management has been suspended pending the outcome of this inquiry,” a statement from the organisation said.
ICFR CEO Barbara Ridpath said: “We consider this situation to be a serious one and it will have a bearing on the future of the ICFR. We are working urgently to find out exactly what has happened, and to resolve the situation in the best interests of all concerned.”
The ICFR was created, and partly supported, by the government as well as private sector backers and the City of London Corporation – an organisation set up to look after the Square Mile business district.
Public opinion is split over whether Brexit will harm or improve the UK accountancy sector
The Financial Reporting Council has launched an investigation into the conduct of the Big Four firm in relation to its audit of BHS
Colin sums up some people's attitude towards the result of the EU referendum using just two cups
Head of editorial Kevin Reed discusses the result of the EU referendum, and explores it means for accountants