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.
Leaders in professional services such as accountancy require a particular skillset. Chief executives in such roles must be able to build consensus for strategic change with a range of client-facing partners, while retaining a lucid focus on service delivery
RSM has announced the appointment of a record 350 trainees across all locations in the UK – expanding the total headcount of the firm by 10%
Smith & Williamson has named Grant Hotson as group finance director
Assistant Accountant handed an 11-year Bankruptcy Restrictions Order for misappropriating funds