Lord Colin Sharman OBE, former senior partner at KPMG International, was made a life peer last year.
He will lead the review which will look into the modern government agenda, audit/valuation of performance measures, the implications of devolution, the wider European context, with particular reference to European directives affecting audit arrangements, possible models from other countries, and the relationship with other audit and regulatory bodies.
Andrew Smith, chief secretary to the Treasury, commented: ‘This is a great opportunity for parliament and the government to work together to make sure transparency and accountability go hand in hand with the modernising government agenda.’
He added: ‘I look forward to seeing the results of the review later this year.’
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