PracticeAuditFRC wants power to settle cases

FRC wants power to settle cases

Option wanted to achieve speedy resolution in some of the Financial Reporting Council's cases

ACCOUNTANTS’ INVESTIGATIONS could be settled rather than go to tribunal, plans by the regulator and government are expected to suggest later this week.

The Financial Reporting Council wants the ability to reach a speedier resolution to cases, as it currently faces a backlog. It also wants more power to request information, reports the FT.

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