Harvey Pitt, chairman of the Securities and Exchange Commission, the main US financial watchdog, is expected to sketch ‘broad concepts’ for a professional oversight panel to regulate accountants.
The US already has a Public Oversight Board designed to ensure governance in the profession is upheld.
Pitt however is expected to propose a framework that will include non-accountants as well as accountants. This would echoe the current profile of the new UK accounting watchdog the Accountancy Foundation.
Pitt will hold a news conference at 6:30GMT (1:30EDT) in Washington.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process