To be known as the Public Accountability Board, it will be made up of six independent members and three accountants and will be funded by mandatory accountancy firm fees and money from corporate audit clients.
The PAB will have the ability to impose sanctions against firms that do not conduct themselves in a proper fashion, impose fines and suspend them from practising as auditors.
The new body will have far stronger powers than the body it will replace Public Oversight Board.
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team