Maintaining professional standards

Article Abstract:

The Institute of Chartered Accountants in England and Wales has implemented several changes in the standards and regulations governing the accounting profession in 1991. Among the agencies which have and will continue to assist the Institute in this task are the Accounting Standards Board and the Auditing Practices Board. The Cadbury Committee has been carrying out a review of corporate governance, focusing on its financial aspects. The Institute has also completed its review of the Guide to Professional Ethics, which has the approval of all councils of the Institute. The Joint Disciplinary Scheme is also undergoing restructuring with a proposal expected to be presented to members by June of 1992.

Accounting Standards Board

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Help for members in the recession

Article Abstract:

The Institute of Chartered Accountants of England and Wales seeks to assist its members and accounting firms faced with unemployment and financial difficulties brought on by the recession through its Chartac Advisory Service (CAS). Student career counselling, 'job clubs', and advisory packages are among the services offered by the CAS. These career guides focus on job hunting, dealing with the effects of redundancy, and setting up private practices and consultancies.

Economic aspects, Employment, Recessions

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The RSB system: effective, economic, efficient

Article Abstract:

The Institute of Chartered Accountants in England and Wales has been granted recognized supervisory body (RSB) status by the British Department of Trade and Industry. The Institute's RSB status shall enable it to involve itself fully in audit regulation to protect its members' interests and the public interest as well. The Institute firmly believes that a self-regulation system remains the most effective way to monitor the audit profession.

Admin. of general economic programs, United Kingdom, Laws, regulations and rules, Industry self-regulation, Industry self regulation, United Kingdom. Department of Trade and Industry, Independent regulatory commissions, Auditors, Great Britain

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