Editorial

At the beginning of November, the UK Financial Reporting Council (FRC) issued a short notice[1] announcing the resignation of Stephen Haddrill as chief executive officer. Mr Haddrill said he would step down from the Board late in 2019: the exact timing of his departure will depend on the outcomes of Sir John Kingman’s review of the FRC and the process for finding a successor. Sir John is due to report on his findings before the end of the year. Mr Haddrill commented: “I believe that it should be the job of a new CEO to lead the FRC when the way ahead is decided. In the meantime, I remain fully committed to taking forward the FRC’s important programmes on audit reform, investor stewardship, corporate reporting and preparing the FRC for EU exit.” The announcement throws a new light on the interview with Mr Haddrill that appeared in the October issue of World Accounting Report, making it of particular interest both in terms of the comments that were reported and what was left unsaid.