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August 28, 2012

Jeremy Newman to oversee Audit Commission closure

Former BDO International chief executive Jeremy Newman has been named preferred candidate for the role of chairman of the UK Audit Commission (AC) board, and is set to oversee the closing of the UK government’s public audit service.

Newman is to appear at a pre-appointment hearing in front of the local government select committee next week, which will formally confirm his appointment.

The UK government announced it was to abolish the AC in 2010, citing savings of up to £50m ($80.2m) a year in costs as the main reason for the decision.

Since then, efforts have been underway to tender the AC’s work to the private sector and to transfer its functions to the voluntary and not-for-profit sectors.

Newman left BDO International a year ago to pursue a career in the public sector.

Earlier this year he worked as an independent advisor for troubled RSM Tenon following the announcement of substantial losses for the firm.

 

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