A steering committee comprising five members of the RICS Governing Council (GC) is poring over the findings of an independent review into its treasury management audit.


Source: Shutterstock/ Simon Vayro

As Property Week went to press, sources said the GC’s 21 other members were set to be handed the report from Alison Levitt QC by the end of this week.

Levitt has been investigating the events that led to the dismissal of four directors in November 2019 after they raised the alarm about the findings of a 2018 BDO financial audit.

Writing in this week’s issue, columnist Peter Bill said: “What actions follow depends on two factors: one, has anything nasty been found in the wood-shed? Two, if not, will this newly populated ruling body back the management, or side with members fed up with the management?”

A spokesperson for RICS said: “The GC is now in the process of carefully considering the findings and recommendations.”