Mr. Terence O'Rourke:

It's funded by ... yes. CARB is part of the legal structure of the Institute of Chartered Accountants. Its board, of which I was a member from 2007 'til last May ... May '14 ... its board ... is a majority of non-accountants on the board of CARB, so it is an independent body within the Institute of Chartered Accountants framework.