Dr Liam O’Reilly, the former chief executive of the Irish Financial
Regulator, has been named as the first chairman of the Chartered Accountants
Regulatory Board (CARB).
His appointment was made by The Institute of Chartered Accountants in Ireland
(ICAI), which established CARB to be the operationally-independent regulatory
board for the profession.
Its first board will be appointed by the ICAI Council, and thereafter it will
fill its own vacancies. It will comprise a majority of non-accountants.
Besides his role at the regulator, O’Reilly was also a member of the
Accountancy Foundation, the precursor body to the UK independent regulator,
Financial Reporting Council (FRC).
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