New role pours oil on troubled waters

Peter Joyce, previously head of the government insolvency service, is expected to take his place as director general of the country’s second-biggest insolvency body early this year.

Joyce is highly respected in the insolvency community and it is hoped he will help reposition the regulator which has been keeping a relatively low profile so far this year despite the accounting scandals besetting the profession.

He is also expected to coordinate more closely the work of the president, vice-president and council, who fix policy, with the secretariat – the full-time employees who provide the administrative support for the organisation and deliver the policy.

Colin Haig, president of the IPA, told Accountancy Age: ‘Appointing a director general will show the IPA is getting serious. The IPA allowed itself to sink into a low profile and, as the country’s second-largest regulator, that’s not good enough.’

Last year saw a number of high-profile insolvencies, but the IPA has yet to establish itself in the public eye in the same way as other institutes such as the ICAEW.

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