Nicolaisen replaces Robert Herdman, who resigned in November following the William Webster fiasco, and said he would demand that ‘people act with integrity and ethics’.
‘As a regulator, I will ensure that investor interests are put above the interests of all others’.
Besides being the main driver behind auditing matters, he will also liase with the accounting watchdog, the Public Company Accounting Oversight Board.
His appointment comes just a day after one his colleagues, Richard Scalzo, a PricewaterhouseCoopers’ partner was banned for life from acting as an auditor of a public company. Scalzo previously headed up the audit at scandal-hit conglomerate Tyco.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements