Insolvency Practitioners' Association to regulate IVAs
The IPA is to regulate a new debt managment body called the Debt Resolution Forum
The IPA is to regulate a new debt managment body called the Debt Resolution Forum
The Insolvency
Practitioners’ Association (IPA) will monitor, regulate and
accredit members of the new body that represents the biggest IVA and debt
resolution companies in the country.
At its inaugural meeting, the Debt Resolution Forum agreed to provide
training and independent regulation for its 40 members. Accountancy Age
revealed last May that the IPA was looking at ways for it
to regulate the debt management industry.
The members agreed to sign up to the body’s standards, which include measures
to make sure appropriate advice is given to debtors, fees and charges are made
transparent and advertising material is monitored.
The IPA will make an accreditation visit to all the members over the next 12
months.
‘DRF will drive professional standards, quality advice by members and
individual and fair solutions for both debtors and creditors,’ said DRF chairman
Chris Holmes. ‘Our objective is to ensure that all our members are seen as
trusted partners in the personal debt resolution process.’
Further reading:
IVA factories to thrash out regulation by
February
IPA plans to regulate debt advisers
IPA to set up regulator for debt management
firms
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe IESBA emphasizes the importance of timely and global adoption of their standards. For corporate accountants, this means staying updated with chang...
View articleKPMG's faces record fine for a widespread exam cheating scandal, implicating senior staff and highlighting systemic ethical issues in the professional...
View articlePwC's Australia tax scandal has led to significant changes, including over 300 job cuts and the refusal to share a crucial report with Australian parl...
View articleAccountants and accounting firms play a crucial role in maintaining financial integrity, facing ethical dilemmas and regulatory challenges. Adherence ...
View articleThe creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...
View articleChanges will help to make accounting profession more attractive, ICAEW boss says Read More...
View article38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...
View articleFaber has been outspoken about the EU's approach and reinforces the ISSB's approach of a climate transitioning on the "necessary scale" Read More...
View article