Alison Levitt QC has been appointed to conduct an Independent Review in respect of issues raised at the Royal Institution of Chartered Surveyors (“RICS”) in 2018 and 2019 following the commissioning by the RICS audit committee of a treasury management audit. She will be assisted by Chris Foulkes.
Articles appeared in the press suggesting that RICS tried to suppress a critical internal report into its finances and then wrongly censured those who sought to explore the issue. The purpose of the Independent Review is to consider the governance, obligations and duties of RICS in relation to these issues. It is expected that the Report will be provided in mid-June.
The website for the Review can be accessed here.
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