ACCA Accountant Panel Member - #151676

ACCA

Nature and scope of the services

Accountant Panel Members, along with the Chair, Lay Panel Member, and Legal Adviser play an integral role in safeguarding the fairness and impartiality of ACCA’s disciplinary and regulatory hearings. The overarching function of an Accountant Panel Member is to contribute to decision-making that enables ACCA to deliver robust, swift, fair and independent regulation in the public interest.

Key Deliverables

• to act in the public interest.
• to attend hearings of the ACCA committees including Interim Orders, Health, Disciplinary, Appeals and Admissions and Licensing Committees.
• pre-read papers and identify issues.
• consider all the information presented to the committee so that it may make a well-reasoned decision, based on the facts and evidence, in accordance with the relevant regulations and legal principles.
• to be involved in discussions with the Lay Panel Member and Chair.
• to ensure clear and robust written reasons for decision are recorded. While the Legal Adviser drafts the reasons, the reasons remain the committee’s reasons and the committee retains editorial control.
• provide current knowledge of a broad variety of professional accountancy practice.
• to ensure that knowledge used in the provision of services to ACCA is maintained to a professional standard.
  
  

Specification

Accountant Panel Members must:

• be aware of and work within the legal framework of ACCA disciplinary and regulatory functions and Rulebook.
• analyse complex information to deliver well-reasoned decisions.
• be proficient in IT systems, such as MS Word, Outlook, SharePoint, and MS Teams.
• understand data security and the importance of maintaining confidentiality at all times.
• be clear and objective in their articulation and drafting of decisions.
• be able to work with others with the confidence to think and act clearly under pressure.
• provide current knowledge of a broad variety of accountancy professional practice.
• act with integrity and discretion.
  
  

Service Fees

• The day sitting fee for an Accountant Panel Member is £400 inclusive of VAT. ACCA operates an electronic invoicing and purchase order system.
  
  

Role Overview And Requirements

• Whilst we particularly welcome applications from auditors, we are keen to attract practising accountants and non-auditors from across a broad range of technical skills.
• Hearings take place throughout the week virtually, normally by Zoom or Microsoft Teams. The dates on which each Panel Member will attend will be agreed provisionally, well in advance, and confirmed as hearings are listed. Accountant Panel Members will be expected to sit approximately 10 to 16 days per year. However, this is indicative only and there is no obligation on ACCA or Accountant Panel Members in respect of the minimum or maximum number of hearings.
  
  

Please note that Panel Members are self-employed, for independence purposes and for public interest purposes.

Applications from former ACCA employees and independent members of ACCA Boards and Committees shall not be considered unless a period of six years has elapsed since their employment or contract for services ceased.

Accountant Panel Members will also need to be aware of the role and responsibilities of Legal Advisers in ACCA’s regulatory and disciplinary arrangements. Legal Advisers sit with the committee throughout the hearing process, both when the committee sits in public session and during private deliberations. Legal Advisers are independent of the parties and advise the committee on all legal and procedural matters. Legal Advisers take no part in the decision-making process and their role is to advise only.

For more information and to apply, please visit our website via the apply button below.