According to reports, US Securities & Exchange Commission chief Harvey Pitt spelled out the new measures to regulate corporate lawyers in an address to the American Bar Association.
Despite objections from lawyers over client confidentiality, Pitt said corporate lawyers were accountable to shareholders of public companies, not company executives, in the same manner expected of accountants.
He said the measures were included in the Act because its authors were sceptical about the ability of lawyers to police themselves, and said it was the responsibility of the SEC to set the standards.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016