10 March 2016: Local insolvency practitioner and accountant, Peter Windatt, has been appointed by the Association of Chartered Certified Accountants (ACCA) to be their representative on the Joint Insolvency Committee (JIC). This committee is made up of eight representatives from each of the Recognised Professional Bodies and from the Insolvency Service together with lay people.
The Committee is a forum for the discussion of insolvency issues and, together with the Insolvency Service, for standard setting. It develops, improves and maintains insolvency standards from a regulatory, ethical and best practice perspective. It has responsibility for the revision of Statements of Insolvency Practice (SIPs) and it comments on legislation. JIC promotes high standards and consistency across the profession.
Peter has chaired the ACCA’s own Insolvency Committee since it was formed. He is also the immediate past chairman of the Joint Insolvency Exams Board, the gateway exams required to be passed in order to become a practitioner, and in other roles including a three year term on ACCA’s council.
Peter has been working in the insolvency profession since 1985. Starting with the Official Receiver he then moved into practice in 1989 joining what is now PwC (previously Cork Gully/Coopers & Lybrand) from where he joined the accountancy practice from which BRI Business Recovery and Insolvency was bought out. Peter’s background is firmly rooted in a profession which has more than its fair share of unhappy clients. “Nobody sets up in business wanting to meet me after a few years – we are very much a grudge purchase and often find ourselves the scapegoats for others’ failings.” In answer to the question – what can be done about this – Peter replied “it is, and always has been, the case that the sooner we are called in, following signs of trouble, the more likely it is that our formal services will not be required. When you do find that our appointment is necessary, having available a professional who will be looking at the best solution for you, and not just another fee for themselves, is key. It is on this foundation stone that BRI has been built – best advice for the prospect, irrespective of the outcome for ourselves.”
Should you require the support and assistance on any insolvency related issue please contact Peter or any member of the BRI management team.