• Register
Return to: Home > News > Regulation > Davies takes charge of new UK audit practice

Davies takes charge of new UK audit practice

The board of the UK Audit Commission has appointed Gareth Davies as managing director of its new audit practice.

Davies has been appointed to lead the commission’s audit staff as they prepare to privatise the commission’s audit function and compete in an open market for local public audit, potentially as an employee-owned business.

The changes follow the UK government’s decision to abolish the Audit Commission and move the audit of local government, aspects of health, police, fire and community safety into the private sector.

Davies has more than 23 years of experience in public audit and has been the commission’s managing director for local government, housing and community safety since 2007.

Davies said he wants to ensure that councils, foundation trusts and other local public services are offered a distinctive alternative to the major audit firms.

“Our experience of competing successfully for foundation trust audits since 2005 shows that there is a strong demand for unrivalled specialist sector expertise at a competitive price,” Davies said.

Communities Secretary Eric Pickles announced the abolition of the Audit Commission in August.

Audit functions will be moved to the private sector allowing councils the freedom to appoint their own independent external auditors.

 

Top Content

    HONG KONG NATIONALS: UNDERSTANDING VISA AND TAX WHEN MOVING TO THE UK

    Over 2 million Hong Kongers learned recently that they may soon be offered a route to UK citizenship following China’s introduction at the end of June of its controversial Security Law in the territory.

    read more

    SASB IMPLEMENTATION SERIES: COMMUNICATING ESG TO MAINSTREAM INVESTORS

    As part of a series of webinars, the Sustainability Accounting Standards Board (SASB) took a closer look at how to communicate ESG initiatives and progress to mainstream investors

    read more

    REPORTING AND COMPLIANCE: WHY WE NEED A DATA REVOLUTION

    Commerce no longer adheres to national boundaries: the largest international organisations to the smallest businesses operate in a global market. However, rules for corporate reporting and compliance do adhere to borders, write IMA’s Jeff Thomson and Liv A Watson

    read more

    CORONAVIRUS TIMELINE: REACTIONS FROM THE ACCOUNTANCY PROFESSION

    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.