The ICAEW has written to ministers to protest against the abolishment of joint appointment responsibility by the trade secretary and the Bank of England governor. Ministers intend to make FRC chairman and deputy chairman appointments their sole responsibility.
‘The experience in the US of appointments made entirely by politicians is not a healthy one,’ said ICAEW member Stella Fearnley.
The DTI explained ministers’ decision saying ministerial appointment was appropriate in view of the ‘strong public interest’ in the FRC’s regulatory responsibilities.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal