As has been the practice to date, the Bill aims to ensure the authority will be independent of the accounting and auditing profession, while still having at its disposal all the necessary expertise for effective regulation. The number of accountants on the board of the authority will be strictly limited to not more than two out of 13 persons. I am aware that, for this reason, a number of accounting companies have criticised the Bill because they fear the authority will lack the necessary expertise to carry out key functions. Though it is unusual for a profession to be so under-represented on its supervisory authority, I understand the independence of the authority must be upheld at all times. Accordingly, I welcome this measure as a move not to prejudice the autonomy of the authority.