Rhodes to chair accountancy regulator disciplinary panel

Further steps have been taken towards the establishment of the new regulatory body for accountancy, including the appointment of a senior fraud QC as chairman of its disciplinary panel.
Robert Rhodes QC, who has successfully defended a host of claims brought by the Serious Fraud Office, competed for the influential post against 1,000 other applicants.
As chairman of the Accountancy Investigation and Discipline Board (AIDB) Rhodes will oversee the largest cases of alleged misconduct against the accountancy profession. He can also impose unlimited fines on firms and individuals and strike them off from membership of their professional associations.
The AIDB is currently investigating the conduct of the former finance director of collapsed bus and coach maker Mayflower, David Donnelly, the actions of auditors Arthur Anderson and PricewaterhouseCoopers over the past four years, and the way PwC received interim accounts in June 2003.
In February this year Allen & Overy Hong Kong based partner, Cameron Scott, joined AIDB as its executive counsel responsible for investigating complaints and prosecuting cases.
A recent decision by Scotland’s Institute of Chartered Accountants to opt into the AIDB’s auspices brings the number of chartered accounting bodies in its remit to five.
Robert Rhodes QC, a member of Outer Temple Chambers, will continue to practice as a barrister and his post of Recorder.