PracticeAuditFSA executive to join FRC

FSA executive to join FRC

Paul Boyle, chief operating officer at City watchdog the Financial Services Authority, will join the accountancy regulator in May as its new chief executive.

Link: The Debate: The role of the FRC

Boyle is an accountant and has been finance director at a number of leading plcs including WH Smith and Cadbury Schweppes.

He will join the FRC alongside a number of other senior appointment as the beefed-up regulator assumes its full powers as financial reporting, auditing and accountancy watchdog.

Paul George, a former audit partner at KPMG, will become director of the new Professional Oversight Board for Accountancy (POBA), a subsidiary body of the FRC.

The Audit Inspection Unit, part of POBA, will come under the directorship of Andrew Jones, also a former KPMG audit partner, while Michael Lewington will replace Ann Wilks as FRC secretary.

Sir Bryan Nicholson, chairman of the FRC said: ‘I am very pleased that we have identified such outstanding people to join the FRC and take on these important roles at such a key time in the development of the new regulatory structure.’

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