September 22, 2021

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Anything but ordinary

RICS probe publication delayed for second time | Online

An unbiased evaluation is at the moment underway into allegations that RICS tried to suppress a crucial inner report into its finances in 2018/19 and then unfairly dealt with those who sought to take a look at the challenge.  

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

The legislation agency said currently that the independent assessment crew has now moved into the last section of the evaluation 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 deliver the report in mid-June, but previous thirty day period pushed its publication again until eventually July, ahead of announcing nowadays that it will be expected in August. 

RICS launched the impartial evaluation after The Sunday Times published allegations late very last 12 months that 4 administrators ended up ousted in November 2019 for flagging up a 2018 BDO report warning that RICS was exposed to “unidentified fraud, misappropriation of resources and misreporting of fiscal performance”.