Following the reform of the UK Financial
Reporting Council (FRC) in July, the regulator has appointed Olivia
Dickson, Nick Land and Roger Marshall as chairs of its three newly
established advisory bodies.

Dickson will chair the Actuarial Council, Land
will chair the Audit and Assurance Council and Marshall will chair
the Accounting Council.

The Actuarial Council aims to promote high
quality actuarial practice and the integrity, competence and
transparency of the actuarial profession for the benefit of all
those who rely on actuarial advice.

The FRC said the first appointees to the
Actuarial Council are expected to play an active role in shaping
the way in which the council operates and in particular developing
how it engages with stakeholders, the FRC Executive and the FRC
Board and its Committees.

The Audit and Assurance Council considers and
advises the FRC Board and the Codes and Standards Committee on
audit and assurance matters, while the Accounting Council provides
strategic input and thought leadership, both in the field of
accounting and financial reporting and in the work-plan of the FRC
as a whole.

FRC chairman Baroness Sarah Hogg said in
establishing the bodies the FRC “has made important appointments
that will command respect for the quality, range and objectivity of
their input”.

“Each Council will make a strong contribution
to our input to Europe and international, as well as domestic
policy-making. I look forward to working with each Council,” Hogg

The regulator also said all the members of
each council have “deep expertise in their respective fields” and
will provide it with both “technical knowledge and a wide
understanding of the key issues it faces”.


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