Answering questions in the House of Commons, Hewitt was responding to pressure from Labour MP Sylvia Hermon for women to be fully represented in the new regulatory structure.
On Friday last week the implementation committee of the new regulatory system met for the first time to settle an agenda and timetable for making the changes.
Those present included Hewitt, current FRC chairman Sir Bryan Nicholson, head of the Accountancy Foundation Lord Borrie and Peter Wyman, president of the ICAEW.
The meeting came only days after Lord Borrie attacked the institute for not helping set up the Foundation?s investigation and discipline board.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned