ICAEW appoints new Regulatory Chair

The ICAEW has announced it has appointed Paul Brooks as the new chair of its regulatory board.

Brooks has been appointed as lay chair of the ICAEW Regulatory Board (IRB) with effect from the beginning of August for a three-year term.

Brooks has previously chaired ICAEW’s Conduct Committee and has held positions on other ICAEW regulatory and disciplinary committees. He has a background in private equity investment and venture capital and has worked extensively with chartered accountants throughout his career.

ICAEW has also announced that Catherine Boyd and Kaysen Pyndiah have been appointed as new IRB members. Boyd, formerly chair of the Insolvency Licensing Committee, and Pyndiah, a former member of the Practice Assurance Committee, also commenced their roles on 1st August.

The IRB is responsible for oversight of ICAEW’s regulatory and disciplinary work to ensure that it is acting in the public interest and strengthening trust in the profession.

The Board has parity of lay and chartered accountant members, and was established in 2014 to enhance the distinction between ICAEW’s representative and regulatory roles following an independent review of its regulatory governance.

Peter Wyman, Chair of the ICAEW Board, said “I congratulate Paul on his appointment and look forward to working with him and the new IRB members.

“Chartered accountants play a key role in strengthening trust and acting in the public interest, and I’m confident that – under Paul’s leadership – the IRB will continue to fulfil its responsibilities as an oversight regulator.”