A NEW HEAD of the Audit Commission has been named. Marcine Waterman steps up to controller of audit from 1 September 2012, having served as the commission’s director of audit policy and regulation.
Current chief executive Eugene Sullivan will stay in his post until the transferral of audit services to a range of accounting firms is completed later this year.
Waterman said: “I am pleased that it is reverting to original title of controller of audit as envisaged when the Audit Commission was founded. The transition to a slimline version of the organisation will be challenging, but we have a vital job to do ensuring high-quality audits at lower cost to public purse.
“This is a challenging time for all involved, and I recognise the sacrifices and professionalism of all those who have lost or will lose their jobs, and of the small number of colleagues who will take the Audit Commission forward with me.
“First business will be to encourage a constructive and positive contribution to the draft bill on the Future of Public Audit. I am dedicated to tackling the organisation’s future with enthusiasm, and making sure the commission continues to play a significant role in keeping our public services efficient and effective.”
She previously worked at Ernst & Young, and was a confidential assistant in the US President’s Office of Management and Budget, Legislative Affairs.
Do you have an investigation looming large over you? Kingsley Napley's Julie Matheson goes through the best strategies to manage the process
The International Accounting Standards Board (IASB) have announced that Françoise Flores will join 1 January 2017
Kingston Smith has announced the promotion of James Moggeridge and Nick Thompson to directors
It has been another glittering night in the accountancy calendar. A range of practices big and small, plus outstanding individuals, have been rewarded for their efforts in the British Accountancy Awards 2016