April 24, 2024


Living – be prepared

RICS probe publication delayed for second time | Online

1 min read

RICS flags

An impartial assessment is currently underway into allegations that RICS tried to suppress a significant interior report into its finances in 2018/19 and then unfairly dealt with people who sought to explore the challenge.  

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

The law business explained now that the impartial overview group has now moved into the remaining stage of the overview and it is their hope to be in a position to supply the report to the chair of the Steering Committee of Governing Council by mid-August 2021. 

Levitt experienced originally hoped to supply the report in mid-June, but previous month pushed its publication back again right up until July, before announcing today that it will be expected in August. 

RICS launched the independent overview after The Sunday Situations published allegations late past calendar year that four administrators had been ousted in November 2019 for flagging up a 2018 BDO report warning that RICS was uncovered to “unidentified fraud, misappropriation of funds and misreporting of financial performance”.

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