Waterman to head up Audit Commission

Waterman to head up Audit Commission

Marcine Waterman will take on the controller of audit role, succeeding chief executive Eugene O'Sullivan, from 1 September

A NEW HEAD of the Audit Commission has been named. Marcine Waterman steps up to controller of audit from 1 September 2012, having served as the commission’s director of audit policy and regulation.

Current chief executive Eugene Sullivan will stay in his post until the transferral of audit services to a range of accounting firms is completed later this year.

Waterman said: “I am pleased that it is reverting to original title of controller of audit as envisaged when the Audit Commission was founded. The transition to a slimline version of the organisation will be challenging, but we have a vital job to do ensuring high-quality audits at lower cost to public purse.

“This is a challenging time for all involved, and I recognise the sacrifices and professionalism of all those who have lost or will lose their jobs, and of the small number of colleagues who will take the Audit Commission forward with me.

“First business will be to encourage a constructive and positive contribution to the draft bill on the Future of Public Audit. I am dedicated to tackling the organisation’s future with enthusiasm, and making sure the commission continues to play a significant role in keeping our public services efficient and effective.”

She previously worked at Ernst & Young, and was a confidential assistant in the US President’s Office of Management and Budget, Legislative Affairs.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource