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

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