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The ICAEW is handing a lavish sum to Michael Izza, its retiring CEO, amid a protracted row over its retention of fines imposed on audit firms, Sky News learns.
The accountancy trade body faces an “obvious conflict of interest” for collecting fines levied for misconduct by its members and should use the pot of at least £127 million to improve financial education, campaigners and academics have said.The Institute of Chartered Accountants in England and Wal