The publication of an investigation into the Royal Institution of Chartered Surveyors (RICS) has been delayed for a second time. 

RICS flags

Source: Shutterstoc/Ceri Breeze

An independent review is currently underway into allegations that RICS tried to suppress a critical internal report into its finances in 2018/19 and then unfairly dealt with those who sought to explore the issue.  

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

The law firm said today that the independent review team has now moved into the final phase of the review and it is their hope to be able to deliver the report to the chair of the Steering Committee of Governing Council by mid-August 2021. 

Levitt had originally hoped to provide the report in mid-June, but last month pushed its publication back until July, before announcing today that it will be expected in August. 

RICS launched the independent review after The Sunday Times published allegations late last year that four directors were ousted in November 2019 for flagging up a 2018 BDO report warning that RICS was exposed to “unidentified fraud, misappropriation of funds and misreporting of financial performance”.