Foundation seeks lay members
The Accountancy Foundation has begun advertising in national newspapers for qualified accountants to become lay members of the three operational bodies of the new regulatory accounting system.
The three bodies in question are the reshaped Auditing Practices Board, the new Ethics Standards Board and the new Investigation and Discipline Board.
In order to qualify as possible lay members, candidates must have a recognised accounting qualification and not be practising accountants or involved with the governance of an accounting body.
The Accountancy Foundation is hoping to begin considering possible candidates as soon as possible in the New Year.
The members of the Review Board, the body responsible for monitoring all aspects of the new accounting system and ensuring it operates in the public’s best interest, has already been appointed. Former NHS finance chief, Colin Reeves, was recently appointed chairman of the Review Board.