Lord Borrie, chairman of the Accountancy Foundation, made this comment this week as he fended off criticism from ministers about the slow rollout of its intended subsidiaries.
Borrie said negotiations to do with the disciplinary board with the accounting institutes had proved difficult with one professional body opposing holding public hearings.
In addition, he said, accountancy bodies had been reluctant to secure ‘adequate funding’ and it had been a battle to find its £2.7m annual budget.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day