RegulationAccounting StandardsIndependent board for Irish accountants

Independent board for Irish accountants

ICAI members vote for new independent authority

An independent regulatory board for Irish accountants looks set to emerge
after members of the Institute of Chartered Accountants in Ireland voted to
endorse a council proposal.

The Chartered Accountants Regulatory Board (CARB) will be operationally
independent from the ICAI council.

For the board to be confirmed the amendments to the Institute’s bye laws must
be approved by the Irish Auditing and Accounting Supervisory Authority (IAASA)
and the Privy Council in the UK.

The new board will have an independent chairman and contain a majority of
non-chartered accountants

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