Big Four tour de force as FRC recruits 13 new members

THE FINANCIAL Reporting Council has swelled its ranks by 13 today, with six drawn from the Big Four firms.

The baker’s dozen of experts are set to join the Financial Reporting Review Panel, a sub-board of the FRC that examines annual accounts and directors’ reports under the Companies Act and accounting standards compliance.

FRC chairman Baroness Hogg (pictured) said: “I am pleased to welcome 13 new members to the Financial Reporting Review Panel. They bring a wealth of capital market experience, which will ensure the panel continues to command the respect of the financial reporting community”.

Mid-tier firms got a look in with the inclusion of Iain Lowson, head of audit quality at BDO, while the rest of the group were drawn variously from law firms and FTSE leaders. The 13th member is Ian Wright, recently retired deputy chair of the panel and director of corporate reporting at the FRC.

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