FRC appoints John Hitchins as Deputy Chair of the FRRP
News types: Staff/Board Announcements
Published: 16 June 2016
PN 33/16
The Financial Reporting Council (FRC) announces the appointment of John Hitchins, as Deputy Chair of its Financial Reporting Review Panel (FRRP) with effect from 1 June 2016.
John Hitchins was a partner with PwC for 26 years until he retired in 2014. During this time, he specialised in bank auditing and advisory services and led the PwC network’s global IFRS technical group.
Additionally, he served as a member of the FCA Practitioner and Markets Practitioner Panels and as Chairman of the Institute of Chartered Accountants in England and Wales’ Banking Committee. He is currently Chair of the Audit Committee at Aldermore Group PLC.
David Childs, Chair of the FRC’s Conduct Committee said:
The Financial Reporting Council (FRC) announces the appointment of John Hitchins, as Deputy Chair of its Financial Reporting Review Panel (FRRP) with effect from 1 June 2016.
John Hitchins was a partner with PwC for 26 years until he retired in 2014. During this time, he specialised in bank auditing and advisory services and led the PwC network’s global IFRS technical group.
Additionally, he served as a member of the FCA Practitioner and Markets Practitioner Panels and as Chairman of the Institute of Chartered Accountants in England and Wales’ Banking Committee. He is currently Chair of the Audit Committee at Aldermore Group PLC.
David Childs, Chair of the FRC’s Conduct Committee said:
“John’s lengthy experience, knowledge of the profession and pragmatic approach, will help the Panel continue to delivery high quality work and appropriate judgements. I am very grateful to Ian Wright, who stepped down as Deputy Chairman, for his excellent work over many years and I wish him well for the future.”
The FRRP comprises individuals drawn from commerce and the professions to consider issues raised in respect of the Conduct Committee’s reviews of company reports and accounts. As Deputy Chair of the FRRP, John Hitchins will also be a member of the Corporate Reporting Review Committee, which has an active role in helping to ensure that the provision of financial information by public and large private companies complies with relevant reporting requirements.
Notes to editors :
- The FRC is responsible for promoting high quality corporate governance and reporting to foster investment. We set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. We represent UK interests in international standard-setting. We also monitor and take action to promote the quality of corporate reporting and auditing. We operate independent disciplinary arrangements for accountants and actuaries; and oversee the regulatory activities of the accountancy and actuarial professional bodies.