As has been the practice to date, this legislation aims to ensure that the IAASA will be independent of the accounting and auditing profession, while still having at its disposal the necessary expertise required for effective regulation. The number of accountants on the board of the IAASA will be strictly limited to no more than two. The Minister should reconsider the position in this regard and he may be sympathetic to increasing that number. I note, however, that if the chief executive is a member of the accountancy profession, the number may be three.