Politicians have questioned regulators over why accountants gave banks a clean bill of health months before they had to be rescued by taxpayers in the 2007-09 financial crisis.
The FRC said the business department, which appointed Bischoff to head the accounting watchdog, was aware at the time that he might take up a post at
Bischoff took up the reins at the FRC this year after stepping down as chairman of
An FRC spokeswoman said the regulator did not believe there was any conflict of interest. "Potential and actual conflicts of interest are monitored," the spokeswoman said. Reuters
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 30, 2014
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