FRC appoints NAO’s Mike Suffield as director of audit quality

FRC appoints NAO’s Mike Suffield as director of audit quality

Mike Suffield joins FRC having spent 21 years with NAO

NATIONAL AUDIT OFFICE lead director Mike Suffield has been appointed director of audit quality by the FRC.

He will lead the FRC’s audit quality review team in its work to monitor the quality of UK audit firms’ audits of public interest and large AIM entities.

Suffield (pitcured) initially joined the NAO in 1995 having cut his teeth at Coopers & Lybrand, where he trained as an auditor.

At the NAO he is joint head of the compliance and quality unit with responsibility for audit quality arrangements.

He will join the FRC in July.

FRC executive director for audit Melanie McLaren said: “Mike’s experience and knowledge of audit quality issues together with his keen eye on the public interest mean he is well placed to lead our AQR activities as our responsibilities in this area develop. The FRC’s target is for 90% of FTSE 350 audits to require no more than limited improvements by 2019. Mike will be instrumental in achieving this outcome, which is core to our mission to foster investment. New audit inspection rules due in June 2016 mean the FRC will monitor the work of a larger number of audit firms with public interest entity clients.”

Related Articles

FRC v Sports Direct : the latest regulatory challenge on privilege

Audit FRC v Sports Direct : the latest regulatory challenge on privilege

4d Richard Highley and Julian Bubb-Humfryes
AAnswers podcast: Financial scandals in 2018 and beyond

Audit AAnswers podcast: Financial scandals in 2018 and beyond

4w Lucy Skoulding, Reporter
Patisserie Valerie chooses RSM to succeed Grant Thornton as auditor

Audit Patisserie Valerie chooses RSM to succeed Grant Thornton as auditor

4w Lucy Skoulding, Reporter
The Sports Direct privilege decision is a major erosion of fundamental rights

Audit The Sports Direct privilege decision is a major erosion of fundamental rights

4w Hickman and Rose
The CMA recommendations for audit reform are finally published

Audit The CMA recommendations for audit reform are finally published

1m Beth McLoughlin, Managing Editor
KPMG, Deloitte and the audit dilemma

Audit KPMG, Deloitte and the audit dilemma

2m Emanuela Hawker, Reporter
IAASB announces proposed ISA 315 changes

Audit IAASB announces proposed ISA 315 changes

2m Emanuela Hawker, Reporter
FRC shout for independence, viability and higher quality in the UK audit market

Audit FRC shout for independence, viability and higher quality in the UK audit market

3m Lucy Skoulding, Reporter