PracticeConsultingNAO chief confirmed as key figure in new watchdog body for accountants

NAO chief confirmed as key figure in new watchdog body for accountants

Sir John Bourn, head of the National Audit Office, has been officially confirmed as chairman of the Review Board, part of the new independent regulatory regime for accountants.

The Foundation, which heads the new system of regulation, confirmed Sir John in the post today placing him in a key position for regulating the accountancy profession.

The Review board will ensure the public interest is maintained across the three bodies run by the Foundation – a restructured Auditing Practices Board, a new Ethics Standards Board and a new Investigations and Discipline Board – that will be regulating accountancy in the future.

Lord Gordon Borrie, chairman of the Foundation, praised Sir John on his appointment.

‘He is uniquely well-qualified to ensure that the public interest in the regulation of the accountancy profession is fully satisfied and I am sure that he will make a crucial contribution to the success of the new system.’

A new system of regulation for the accountancy profession was given government clearance by the department of trade minister Ian McCartney in April 1999.

The Review Board and the Foundation are expected to come into legal existence in the next couple of months. Full membership of the Foundation has been settled and two meetings have already been held.

Foundation’s members

Review of 1999: RED TAPE AND REGULATION

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