| answer text |
<p>The Chair and members of the UK Endorsement Board (UKEB) are appointed, following
a fair and open recruitment process, in line with the Cabinet Office’s Governance
Code for Public Appointments. Recruitment also follows criteria set by the Secretary
of State in the Terms of Reference covering diversity of knowledge and skills. Due
diligence checks are also carried out on all proposed Board members to ensure the
appropriateness of their appointment. The UKEB members are appointed in their individual
capacity, are required to act independently, and in the UK long-term public good.
This entails not showing preference to special interests and/or any employing entity
and professional, sectoral or organisational affiliations. UKEB Board members are
required to complete a Register of Interests, available on the UKEB website.</p><p>
</p><p>The Financial Reporting Council (FRC) is responsible for the public oversight
of statutory auditors, including investigation and sanctioning in relation to the
statutory audits of Public Interest Entities and certain other entities. The FRC also
provides a voluntary independent investigation and discipline scheme for matters relating
to the accountancy or actuarial professions which raise important issues affecting
the public interest.</p>
|
|
