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Folsom was previously director of internal audit for CARE, the international relief organisation. She replaces William Taylor, who faced growing criticism over his handling of corruption and fraud cases at the bank.
It is understood that William Taylor, the former chairman of the board of the US Institute of Internal Auditors and winner of its prestigious Bradford Dadmus Memorial award, may stay on as a bank consultant.
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
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day