NICK LAND and Roger Marshall will head up the accounting watchdog’s councils.
The experienced senior practice heads will chair the Audit & Assurance Council and Accounting Council, respectively. The councils form the accounting and assurance governance divisions of the Financial Reporting Council.
Land served as Ernst & Young chairman for 11 years, in a 36-year career at the firm. Marshall (pictured), formerly an audit partner at PwC, led work on major clients including Zurich Financial Services and Lloyds TSB. He has served for several years as a member of the Accounting standards board. He is also a non-executive at Old Mutual.
The Audit and Assurance Council comprises Land, Russell Frith, Sue Harris, John Hughes, Ray King, Scott Knight, Paul Lee, Robert Talbut and Allister Wilson.
The Accounting Council comprises of Marshall, Nick Anderson, Richard Barker, Edward Beale, Peter Elwin, Ken Lever, Robert Overend, Andy Simmonds and Pauline Wallace.
PwC has been hit with a £2.3m fine by the accountancy watchdog over its audits of the financial statements of Cattles and Welcome Financial Services Limited
KPMG has retained its position as the listed company auditor, according to the latest Adviser Rankings.
We discuss the Accountancy Age Top 50+50 supported by Sage; growth at Menzies; and the provision of value-added services
While everyone values audit quality highly we must be be careful that we don’t let it deter talent. We need to guard against its commoditisation and the threat to a unitary profession