| answer text |
<p>The Government Response on <em>Restoring trust in audit and corporate governance</em>,
published in May, set out the Government’s intention to legislate for a new statutory
enforcement regime for accountants, which would replace the Financial Reporting Council’s
non-statutory Accountancy Scheme.</p><p> </p><p>Under the new arrangements, all financial
sanctions imposed would be paid into HM Treasury’s consolidated fund in line with
the general principles applying to the treatment of fines or other penalties imposed
by public bodies in central government.</p>
|
 |
