PracticeAuditFoundation to hit the ground running

Foundation to hit the ground running

The Accountancy Foundation, the profession's new watchdog, is putting the final touches to its working programme as it gears up to 'hit the ground running' in the new year.

Hot off the press will be a consultation document due out in January. The document is intended to prioritise the duties of the Foundation, the body set up to end decades of self-regulation in the accountancy profession.

Among the priorities for 2002 will be two major studies on the complaints procedures, registration and monitoring at the six accountancy bodies – ICAEW, ICAS, ACCA, CIMA, CIPFA and ICAI – the Foundation will oversee.

In its second year the Foundation hopes to concentrate on training, accountancy syllabi and continuous professional development. The aim will be to determine whether the six bodies, or CCAB, are keeping apace of educational developments. However, this will be dependent on how work progresses in its first year.

The Foundation will also take a second look at competition issues next year. The project will be a follow-up study of this year’s report on competition by the Office of Fair Trading.p>Links

Accountancy watchdog delayed

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3d Emma Smith, Managing Editor
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

6d Emma Smith, Managing Editor
PwC to audit BBC pay policies following gender pay gap outrage

Accounting Firms PwC to audit BBC pay policies following gender pay gap outrage

3w Alia Shoaib, Reporter
PwC fined a record £5.1m by the FRC over RSM Tenon audit

Audit PwC fined a record £5.1m by the FRC over RSM Tenon audit

1m Alia Shoaib, Reporter
KPMG fined £4.8m over Miller Energy audit

Audit KPMG fined £4.8m over Miller Energy audit

1m Alia Shoaib, Reporter
PwC to take over from Deloitte as Diploma auditor

Accounting Firms PwC to take over from Deloitte as Diploma auditor

3w Alia Shoaib, Reporter
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

3w Alia Shoaib, Reporter
Latest Big Four auditor changes

Audit Latest Big Four auditor changes

1m Alia Shoaib, Reporter