POBA recommends strengthening of independent arbitration for accountancy disputes

The Professional Oversight Board for Accountancy (POBA), an operating body of the Financial Reporting Council, today issues its report on aspects of the UK's six chartered accountancy bodies' procedures for dealing with complaints and member discipline.

It has found that the bodies were generally making effective progress in implementing the recommendations made in a previous report by the Review Board of the Accountancy Foundation.

However, POBA believes it is necessary to reaffirm certain recommendations where it considers progress to be insufficient and it believes that the procedures available for dealing with service related complaints would be enhanced by an independent arbitration service.

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