PracticeAuditPower crazed

Power crazed

So it's the Financial Reporting Council that will reign supreme in the brave new world of UK audit and accountancy. No surprise there after the blanket leaking of the DTI's reform proposals ahead of last week's formal announcement.

But the next stage is significant: which personalities will emerge as the real powerbrokers of the new order?

Sir Gordon Borrie has made little impact as chair of the Foundation while Sir John Bourn has also failed to stamp his authority on the regulatory framework. Sir Bryan Nicholson has been a competent chairman of the FRC but is now the time for someone who has made a real impact in recent months to take the reigns?

Peter Wyman has led not just the ICAEW, but the entire accountancy industry in recent months. His appointment would be welcomed in Whitehall and – importantly, given the imminent introduction of international accounting standards – Washington.

It looks a logical move. But would he want it?

Related Articles

PwC replaces EY as Domino's auditor

Audit PwC replaces EY as Domino's auditor

4h Alia Shoaib, Reporter
The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

6d Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

1w Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor