PracticeConsultingDTI stalls Review Board proposals after hint of alternatives

DTI stalls Review Board proposals after hint of alternatives

The government will delay consideration of proposals for a single regulator for the profession, following indications other groups want to make their own submissions, writes Phillip Inman.

The decision is a blow to Chris Swinson, head of the Consultative Committee of Accounting Bodies working party that drew up the proposals, who is spearheading the fight against statutory regulation of accountants.

A Department of Trade and Industry spokesman confirmed industry minister Ian McCartney, who is in charge of the review, delayed examining the proposals.

But he refused to reveal the names of the groups preparing to submit rival plans.

Swinson said he was unable to comment until he knew more details. But Peter Layhe, vice president of CIMA, said he was unsurprised the DTI wanted to wait for more responses before examining the Review Board proposals.

He said it was likely the DTI would also want to include the current review of the insolvency profession in the plans, delaying a decision until next year.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer