RICS probe publication delayed for second time | Online

RICS flags

An unbiased evaluation is at the moment underway into allegations that RICS attempted to suppress a important inside report into its finances in 2018/19 and then unfairly dealt with those who sought to examine the difficulty.  

It is staying led by a senior barrister Alison Levitt QC (of 2 Hare Court docket Chambers) and supported by regulation organization Kingsley Napley. 

The regulation agency said these days that the independent overview crew has now moved into the ultimate stage of the assessment and it is their hope to be equipped to provide the report to the chair of the Steering Committee of Governing Council by mid-August 2021. 

Levitt experienced originally hoped to give the report in mid-June, but final month pushed its publication again until finally July, in advance of saying today that it will be anticipated in August. 

RICS launched the impartial critique after The Sunday Instances published allegations late previous calendar year that four directors had been ousted in November 2019 for flagging up a 2018 BDO report warning that RICS was uncovered to “unidentified fraud, misappropriation of funds and misreporting of financial performance”.

Next Post

Long-term building fit-out materials could save 80% of carbon emissions | News

Sign up for absolutely free to complete this article. Signal up now for the next rewards: &#13 Four Cost-free article content of your choice per month &#13 Breaking information, comment and analysis from market authorities as it transpires &#13 Pick out from our portfolio of e-mail newsletters &#13 Would you […]