Compliance Committees

In order to work efficiently and effectively many of the functions of the Board are delegated to committees which report to the Board. The work of the Committees is diverse and falls into three main groups: Policy, Co-Ordinating (a series of joint policy committees with other accountancy bodies) and Compliance Committees.

The Compliance Committees deal with ongoing regulatory compliance including the licensing and monitoring functions and with the investigation of complaints.

Included in the responsibilities of the Board are:

  • Professional Authorisations: Ensuring that members, member firms and affiliates providing services to the public are eligible to do so by granting and renewing licences to practice, to act as an auditor, to provide Investment Business advice and to accept insolvency appointments and removing those licences when it is deemed necessary;
  • Quality Assurance: Ensuring professional services provided by members and member firms are of the highest possible standard by monitoring compliance with the Standards of Professional Conduct through a system of returns and inspections and taking regulatory action when necessary;
  • Professional Conduct: Investigating complaints against members, member firms, affiliates and students and taking disciplinary action when there is evidence that their professional performance has fallen short of the reasonable expectations of the public and other stakeholders.

The operational delivery of these functions is delegated to a number of Compliance Committees. These committees deal with ongoing regulatory compliance including the licensing and monitoring functions and with the investigation of complaints where professional misconduct has been alleged.

For more information on the role, responsibilities and composition of the Compliance Committee please read the below document.

The Compliance Committee is made up of:

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