Regulators

FRC audit chief resigns

Mike Suffield, the acting executive director of the Financial Reporting Council (FRC), will step down from his role to join the Association of Chartered Certified Accountants (ACCA) this August.

The news comes after the government revealed its intentions to dissolve the current regulator and replace it with a new regulator called the Audit, Reporting and Governance Authority (ARGA).

Suffield will report to Alan Hatfield, executive director of ACCA’s strategy and development directorate, within which the professional insights team sits. He will direct a team of subject experts who create and deliver the accounting body’s global research and development programme, alongside its global public affairs agenda.

Suffield said: “I’m delighted to be joining ACCA as its new director of professional insights, leading a team of talented specialists whose work moulds global thought leadership, which helps shape and lead the profession. Research and reports help to communicate the tangible benefits of accountancy and business, and provides the much-needed evidence to help ACCA’s public interest remit.”

Hatfield added: ‘We are thrilled Mike is joining ACCA; he brings a wealth of knowledge and understanding from both the public and private sectors about the profession and how it works on the global stage. Mike also has a keen understanding of the challenges and opportunities ahead for the profession, from regulation to skills – and how it also relates to government and policy making.”

A spokesperson from the FRC said: “We wish Mike all the best for his future career. We are currently appointing a director of supervision to ensure continuity of leadership in this area.”

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