Lawyer to head Auditing Practices Board
Solicitor Richard Fleck has been appointed to head the UK's Auditing Practices Board, the Accountancy Foundation announced today.
The decision to appoint a non-accountant to the board is a further indication of efforts to ensure transparency in the industry.
Fleck, a partner with Herbert Smith, will begin at the APB on 1 January 2003. He replaces the long standing chairman Ian Plaistowe.
The Foundation has also appointed PricewaterhouseCoopers partner Graham Ward as APB vice chairman.
Fleck who is currently APB vice chairman has been involved in audit standard setting since 1986. He specialises in corporate and regulatory law.
Ward is currently an APB board member and also a member of the International Federation of Accountants.
Lord Gordon Borrie QC, Foundation chairman, said: ‘We believe it is important when so many questions are being raised in connection with the role of auditors to maintain a strong lay representation in the oversight of the profession.’