The UK’s Financial Reporting Council (FRC) has appointed Neil Harris as its first director of local audit.

Harris will be responsible for creating a new local audit unit ahead of the FRC becoming the convener for local authority financial reporting when it transforms to the Audit, Reporting and Governance Authority (ARGA).

In its response to Tony Redmond’s independent review of local authority audit and reporting, the UK Government proposed ARGA would take on a convenor role for local audit.

Commenting on his appointment, Harris said: “High quality local authority financial reporting and audit is vital to ensure taxpayers have trust in local authority accounts. I look forward to meeting with the wide variety of stakeholders who are involved in local authority reporting and working with partner organisations to develop a new local audit unit ahead of the FRC taking on the convenor role.”

FRC executive director of supervision Sarah Rapson said: “I am delighted that Neil has now joined the FRC as our first Director of Local Audit. He brings significant local audit experience and an in-depth understanding of the complex stakeholder landscape that supports local authority reporting. Neil will play a pivotal role in bringing together key partners, laying the groundwork for the establishment of a convenor role and taking forward many of the recommendations of the Redmond review. The delivery of high quality, timely and effective financial reporting is of fundamental importance.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.