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Minimum Standards for Accountancy Firms, Etc

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Policy & Resources Committee - P.2022/82

The States are asked to decide:-

Whether, after consideration of the Policy Letter entitled "Minimum Standards for Accountancy Firms, Etc", dated 12th September 2022, they are of the opinion:-

1. To agree that a framework for a minimum standards test for firms of accountants, auditors, insolvency practitioners and tax advisers and its administration by the Guernsey Registry be established in accordance with the recommendations set out in this Policy Letter, including a requirement that staff providing professional advice and services are appropriately qualified.

2. To direct the preparation of such legislation as may be necessary to give effect to the above.

The above Propositions have been submitted to Her Majesty's Procureur for advice on any legal or constitutional implications in accordance with Rule 4(1) of the Rules of Procedure of the States of Deliberation and their Committees.

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P.2022/82 - Minimum Standards for Accountancy Firms Etc

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