Kevin Reed, Accountancy Age, Monday 6 September 2010 at 14:44:00

Davies to lead the commission's audit practice, in what could be a vital rolein influencing its future in an open local government audit market

Gareth Davies is the new managing director of the audit practice at theAuditCommission.

In this crucial role he will lead its audit staff as they prepare to competein an open market for local public audit, potentially as an employee-ownedbusiness.

There have been suggestions that the commission could evolve into aemployee-owned or mutual audit organisation to serve the new market.

"We want to ensure that councils, foundation trusts and other local publicservices are offered a distinctive alternative to the major audit firms. Ourexperience of competing successfully for foundation trust audits since 2005shows that there is a strong demand for unrivalled specialist sector expertiseat a competitive price," said Davies.

He starts work straight away on preparing the organisation for this majortransition.

CIPFA-qualified Davies has 23 years? experience of public audit, has been theCommission?s MD for Local Government, Housing and Community Safety since 2007.

Prior to this he was a district auditor with a portfolio of audits inYorkshire, including large local authorities and NHS bodies. His public auditcareer has also included assignments in London and the South East.

Further reading:

Firmseye up Audit Commission work