Andrew Johnston appointed to FRC Conduct Committee
04 November 2019
Andrew Johnston has been appointed to the Financial Reporting Council’s (FRC) Conduct Committee, which oversees the FRC’s Enforcement work.
His term commenced on 1 November 2019 and he replaces Martin Slack who stepped down on 30 June 2019.
He brings a wealth of experience having served as the Deputy Government Actuary and was a member of the management board administering the World Trade Organisation Pension Plan for nine years.
Additionally, Colin McCarthy-Little has been appointed to the FRC’s Audit Quality Review Committee for a three year term, also commencing on 1 November 2019.
About the FRC Conduct Committee:
The Conduct Committee has statutory responsibilities in relation to corporate reporting delegated by the Secretary of State under section 457 Companies Act 2006 and section 14(2) Companies (Audit, Investigations and Community Enterprise) Act 2004 and is responsible for overseeing the FRC’s corporate reporting review work. Its responsibilities also include overseeing the executive's oversight, audit quality review, and enforcement work and it makes various decisions under the FRC's enforcement procedures. The Conduct Committee meets monthly and comprises FRC Board members and others with a range of skills, experience and relevant technical expertise. It has a majority of lay members and excludes practising and recently retired auditors as well as officers of the professional bodies.
About Andrew Johnston:
He spent his career at the Government Actuary's Department giving actuarial advice across government on a wide range of issues primarily related to work-based pensions. He retired as Deputy Government Actuary in 2009. Andrew was a member of the management board administering the World Trade Organisation Pension Plan for nine years. Until June 2019 Andrew chaired the board of CS Healthcare, a provider of private medical insurance..
About Colin McCarthy-Little:
Colin McCarthy-Little is currently the Head of Group Audit of International Airlines Group (IAG) leading the audit strategy and delivery across the Group. IAG is the parent company of British Airways, Iberia, Vueling, Aer Lingus, LEVEL, IAG Cargo, Avios and IAG GBS. Colin is also the Chair of the Audit and Compliance Committee of the oneworld Management Company and is a member of the UK Regional Committee of the Chartered Accountants of Australia and New Zealand. Colin trained with KPMG Australia, where he worked in the assurance practice across a range of industries including Financial Services, Defence, Oil & Gas and Biotechnology. In 2008 he moved to KPMG London where he was a Senior Audit Manager on financial institutions including HSBC and ICICI Bank.