Groom, management consultant and former sole practitioner from the Midlands, takes up his new role next to Sir Iain Vallance, president of the Confederation of British Industry and former BT chairman, at the FRC. The Council was set up in the early 1990s in response to widespread abuse of accounting rules.
Groom has written extensively on accountancy, audit and tax and has regularly lectured for the institute. Groom replaces Graham Ward, former ICAEW president and immediate past chairman of the Consultative Committee of Accountancy Bodies.
Sir Bryan Nicholson this month succeeded Sir Sydney Lipworth who was chairman of the FRC since 1994. Sir Bryan has been chairman of Cookson Group plc since 1998 and a non-executive director of Equitas Holdings Ltd since 1996.
The FRC is responsible for promoting good financial reporting and overseeing the Accounting Standards Board, headed by Mary Keegan, and the Financial Reporting Review Panel.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast