As the long title of the Bill makes clear, this supervisory authority will exercise power and responsibility only on accountancy bodies. The simple fact is that anyone can call themselves an accountant. There is no restriction on somebody with no qualifications whatsoever setting up a shop in the High Street and putting the sign "Accountant" above their door. This Bill will do nothing for people who are the customers of such unqualified accountants. The Bill, therefore, is not about supervising the regulation of the accountancy profession, and this should be addressed. Supervision is confined only to the accountancy bodies and people who are members of those bodies.