After Death of Mills, FRC Appoints Interim Chair
The Financial Reporting Council (FRC) has appointed last week an interim chair who would replace its deceased chairperson who served the Professional Oversight Board (POB) from October 2008.
John Kellas will oversee the oversight board as its newly appointed interim chairperson and executive director of the FRC. The appointment came after the death of Dame Barbara Mills, the POB’s chairperson since October 2008.
FRC Chairman Baroness Hogg, said: “We were very fortunate to have someone of John’s experience and expertise on the Professional Oversight Board able to take over the chairmanship in such difficult circumstances following Barbara’s death.
“John will be a strong and independent advocate of audit quality. He brings a deep technical understanding of auditing issues as well as recent experience of leading the International Auditing and Assurance Standards Board (IAASB).
“His international perspective will be hugely valuable to us as we respond to current regulatory proposals, in particular the European Commission’s audit green paper.”
Kellas’s appointment will take effect immediately.