UK’s Financial Services Authority Creates New Accounting And Auditing Sector Team

The FSA has created a new accounting and auditing sector team to co-ordinate work across the FSA that involves accountancy issues. The new sector team will be led by Kari Hale, Director of Finance, Strategy and Risk, and formerly sector leader for banking. Thomas Huertas, Director of Wholesale Firms, will take over leadership of the banking sector.

The role of the new sector team will be to strengthen the FSA's relationship with the major auditing firms, and to co-ordinate the FSA's work with the national and international bodies that represent the profession.