Accountancy & Actuarial Discipline Board
||It has been suggested that this article be merged into Financial Reporting Council. (Discuss) Proposed since May 2011.|
The Accountancy & Actuarial Discipline Board (AADB) is the independent, investigative and disciplinary body for accountants and actuaries in the United Kingdom. The AADB was formerly known as the Accountancy Investigation & Discipline Board (AIDB). It changed its name to the AADB on August 16, 2007. The AADB Scheme establishes the framework and sets in place the legal formalities of participation between the AADB and the Participating Accountancy Bodies i.e. the Institute of Chartered Accountants in England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA) and the Chartered Institute of Public Finance and Accountancy (CIPFA), The Institute of Chartered Accountants of Ireland, and the Institute of Chartered Accountants of Scotland.
The AADB is part of the Financial Reporting Council.
As of 2010[update] the AADB has a substantial workload including investigations into the conduct of professional firms, such as EY, that had advised Lehman Brothers, JPMorgan, Connaught, Aero Inventory and BAE.
- Disciplinary funding costs leap at the ICAEW, Accountancy Age, 10 May 2011