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
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester