The Trades Union Congress, together with the US trade union federation AFL-CIO, has called on the institute to investigate the peer, saying he had breached its professional and ethical standards in his role as a director of the energy trading giant.
TUC general secretary John Monks said: ‘Lord Wakeham has some very hard questions to answer.’
Richard Trumka, the AFL-CIO secretary treasurer added: ‘His conduct as a director of Enron casts serious doubts about his ability to continue participation as a member of the ICAEW.’
However, an institute spokesman was unable to confirm whether a complaint had been received.
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The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
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