U.K.Audit Regulator Change

The U.K. government named a new chief executive for the Financial Reporting Council a move that comes as the audit and accounting watchdog prepares for a wide-ranging overhaul amid concerns about its effectiveness, CFO Journal’s Nina Trentmann reports. Jonathan Thompson, the CEO of HMRC, the U.K.’s tax office, will leave his current job to take the FRC role at a time of substantial change for the regulator. The FRC will become part of a new statutory body called the Audit, Reporting and Governance Authority, a new watchdog that will be tasked with setting and enforcing standards for corporate reporting, audit and governance. https://cfo.cmail19.com/t/d-l-pullldy-yhihojiw-m/