FRC—Disciplinary Tribunal
Produced in partnership with Thomas Daniel of 2 Bedford Row
FRC—Disciplinary Tribunal

The following Corporate Crime guidance note Produced in partnership with Thomas Daniel of 2 Bedford Row provides comprehensive and up to date legal information covering:

  • FRC—Disciplinary Tribunal
  • Disciplinary proceedings
  • Conduct of Disciplinary Tribunals
  • Proof of convictions or adverse findings
  • The decision of the Disciplinary Tribunal

FORTHCOMING CHANGE ALERT: The UK government has announced that the Financial Reporting Council (FRC) will be replaced with a new regulator called the Audit, Reporting and Governance Authority. This new enhanced regulator will transform the audit and accounting sector in response to the comprehensive Independent Review led by Sir John Kingman. See: LNB News 11/03/2019 120.

Disciplinary proceedings

Where the Executive Counsel delivers to the Conduct Committee a Formal Complaint the Conduct Committee must serve the Formal Complaint on the Member or the Member Firm concerned and should as soon as practicable send a copy of the Formal Complaint to the Convener.

The Convener is a person, appointed by the FRC, responsible for the appointment of tribunals under the Accountancy Scheme.

The Convener should, as soon as practicable, following receipt of the Formal Complaint, appoint a Disciplinary Tribunal to hear the Formal Complaint and provide the Conduct Committee with details of the Disciplinary Tribunal appointed and also notify the Executive Counsel and each Member or Member Firm concerned.

The procedure adopted by the Disciplinary Tribunal to deal with a Formal Complaint should be in accordance with the Accountancy Regulations.

The Disciplinary Tribunal may amend the Formal Complaint either before or during the hearing subject to the requirements of a fair hearing and in the interests of justice.

A Member or Member Firm

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