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About the FRC FRC Structure Audit Quality Review Committee Audit Quality Review Committee Members

Audit Quality Review Committee Members

David Cannon

Chair

David joined Ernst and Young in 1976, becoming an Audit Partner in 1986 and proceeding to run an Audit Division before leaving in 1995 to become Group CFO of BZW, Barclays' then Investment Bank. He returned to E&Y in 1998 as Managing Partner of the London Financial Services Office. In 2003, David became CFO for Deutsche Bank's global Investment Bank and also subsequently became Deputy Group CFO. David retired in 2012 and is currently a non-executive director of Morgan Stanley's European business where he chairs the regional Audit Committee.

James Coyle

Member

Jim Coyle B Acc., CA, FCIBS has recently retired, as Group Financial Controller, from Lloyds Banking Group (LBG) after a very successful 25 years in the  Financial Services industry. Prior to that, he spent 10 years in the Oil industry in  senior Finance roles at BP and qualified as a Chartered Accountant with KPMG, after obtaining a degree in Accountancy, Economics and Law from Glasgow University.

In addition to his extensive financial services experience at LBG, whilst there, Jim represented LBG on the Board of Scottish Financial Enterprise, the British Bankers Association Audit Committee and on the Board of Vocalink Holdings Limited, where he also chaired the Audit Committee for 5 years.

Jim is also a member of  the Council of the Institute of Chartered Accountants of Scotland and a member of the FRC’s Financial Reporting Review Panel and a Fellow of the Chartered Institute of Bankers. He is currently building a portfolio of Non-Executive Directorships and in addition to the FRC’s Audit Quality Review Committee, he was recently appointed to the Board of HSBC Bank plc and to the Board of the Scottish Building Society earlier in the year.


Charles Henderson

Member

Charles joined the UK Equities team at Invesco Perpetual in 2014 to oversee its corporate finance activities; primary transactions execution; operations, controls and compliance requirements, and shareholder engagement activities. He first joined Invesco Perpetual in 1994 and has worked in a number of senior roles, including Head of Fund Administration and Accounting, Head of Global Investment Operations and Head of Invesco Perpetual’s Investment Management Operations. 

Charles’ career began in 1979 at Blease Lloyd & Co where he trained as a Chartered Accountant. In 1985, he moved to Touche Ross & Co (now Deloitte), where he became a senior audit manager responsible for a number of financial institutions' clients including Perpetual plc and Nationwide Anglia Building Society.


Melanie McLaren

Executive Director, Audit

Melanie is the FRC Board member responsible for FRC's promotion of audit quality.

Melanie joined the FRC in June 2012 and was responsible for our policy direction and implementation through the UK Corporate Governance and Stewardship Codes, financial reporting, audit and assurance and actuarial standards. Melanie has a background in professional and financial services she was a partner in PwC leaving the firm in April 2009 and prior to joining the FRC was Chief Risk Officer at Friends Life.  Melanie is non-executive director and chair of the risk, compliance and audit committee and the UK Municipal Bonds Agency plc.


Stephen Mount

Member

Stephen Mount BSc(Econ) MBA FCA retired as a senior partner with PricewaterhouseCoopers LLP in June 2016. During his 28 years as a partner Stephen worked with FTSE 100, Fortune 500, NASDAQ, mid-cap and AIM listed groups across a very wide range of industry sectors. He also served as PwC’s UK Technology Industry Leader and Managing Partner of one of the firm’s largest offices. As well as leading complex international audit engagements, he has led global teams in supporting clients, their investment banks, legal and other advisors through UK, US and European IPOs, secondary offerings, mergers and acquisitions with assurance on prospectuses, profit and working capital forecasts, merger benefit statements, post-acquisition integration, governance, systems and controls, listings particulars and due diligence. As Global Relationship Partner he has been responsible for leading advisory, consulting, corporate finance, and transaction support projects focused on operational improvement and business transformation.
 
Stephen is a Fellow of the Institute of Chartered Accountants in England & Wales. He read Political Economy at University College London and in 1989 was sponsored by Coopers & Lybrand for an MBA at Warwick Business School where he graduated with Distinction. As well as being a member of the FRC’s Audit Quality Review Committee, he is a Governor of Reading Blue Coat School, Treasurer and Trustee of the New Forest Ninth Centenary Trust and in the process of building a portfolio of Non-Executive Director roles in the commercial and public sectors. 


Anne Whitaker

Member

Anne Whitaker is a former EY audit partner with a portfolio of non-executive and trustee roles. As the former Head of Audit and Risk Partner for EY’s UK Financial Services Practice, Anne specialised in asset management audits, including funds and investment trusts. She is currently a NED and Audit Committee Chair for Markel International Insurance Company, Hitachi Capital and Aviva Investors. Previously, Anne served as a NED and Audit Committee Chair to Barts Health NHS Trust. She is a board member and Chair of the Audit and Risk assessment Committee of the Independent Parliamentary Standards Authority (IPSA), Chair of the Council of Roedean Girls School and an advisor to the charities YourStory and MicroVentures. Apart from her business work, Anne is an avid reader, yoga enthusiast and traveller.

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