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The Financial Reporting Council (FRC) Accountancy Scheme is applicable to all CIPFA members, registered students, affiliate and associate members, and those subject to CIPFA's constitution at the time of alleged breach of CIPFA bye-laws.
The FRC Accountancy Scheme is an independent disciplinary scheme operated by the Financial Reporting Council. It has responsibility for the investigation and bringing of proceedings in relation to matters that appear to raise important issues affecting the public interest in the UK. Cases which do not raise public interest issues will continue to be dealt with by CIPFA.
CIPFA's Disciplinary Regulations (PDF, 152 KB) make provision for CIPFA's Investigations Committee to refer appropriate cases to CIPFA Council for consideration of onward referral to the FRC Accountancy Scheme. Provisions within the FRC Accountancy Scheme permit that Scheme, of its own accord, to call in cases whether or not they have been referred.
Cases transferred to the FRC disciplinary scheme will be dealt with entirely independently of the Institute.
The Institute of Chartered Accountants in England and Wales, the Association of Chartered Certified Accountants, the Chartered Accountants Ireland, the Institute of Chartered Accountants of Scotland and the Chartered Institute of Management Accountants also participate in the FRC Accountancy Scheme.
Read the scheme, regulations made under the scheme, and on the FRC website. You can also refer cases via the site.
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