He will hold the position for a term of 3 years from 1 May 2003 until 30 April 2006.
Among Pomeroy’s other ministerial appointments with remuneration is chair of the National Lottery Commission for which he earns £33,842 a year. He is also chair of Lloyd’s audit committee and formerly chair of the Prudential Supervisory Committee.
Pomeroy, a qualified accountant, has also worked as financial and economic advisor to UK regulators. For his new appointment at the Audit Commission Pomeroy will draw a salary of £15,000 a year on the basis of a time commitment of 4 days a month.
Sir Graham Hart and Elizabeth Filkin will both serve a second term as commissioners until 30 April 2004.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester