The ICAS Corporate and Financial Reporting Panel
The Panel represents ICAS in relation to financial reporting and broader corporate reporting. In particular, it:
- offers views and guidance to the FRC, IASB and other bodies on accounting practices affecting or likely to affect ICAS and its members;
- reviews and responds to discussion papers and exposure drafts issued by the FRC and IASB;
- undertakes proactive initiatives to contribute to the debate on how reporting could improve into the future, to better meet the needs of users;
- liaises with the ICAS Research Panel in relation to the commissioning of research on financial and corporate reporting matters.
We seek to maintain a diversity of perspectives on the Panel, and in particular to have members from large and small firms (from technical, business advisory and audit backgrounds), from preparers (large and listed companies as well as small companies), from users (including investment owners/managers and HMRC), from a corporate reporting design background, from a regulatory/standard setting background, and from academia.
Membership (as at August 2022)
Corporate & Financial Reporting Panel Members
Kenny McDowell (Chair)
Kenny is a partner with Saffery Champness based in Edinburgh with specialist knowledge in the not-for-profit, commercial and regulated sectors in Scotland and beyond. He has previous experience with Big 4 and mid-tier firms. Kenny qualified with ICAS in 1995 and is a former member of the Financial Reporting Council’s UK Technical Advisory Group for FRS 102 and UK SORP Committee for Charities. Kenny is an active Trustee in the Charity sector and is Chair of the Audit Committee at Social Investment Scotland.
Andrew Buchanan
Andrew is Global Head of IFRS at BDO, with responsibility for the provision of IFRS technical accounting advice, reference material and training to the BDO international network of member firms. Andrew qualified as a CA in 1991 and represents ICAS on the Accountancy Europe Corporate Reporting Policy Group. He is also a member of the UK Government Financial Reporting Advisory Board and a former member of the IFRS Interpretations Committee, the IASB/FASB Transition Resource Group for revenue recognition, and the IFRS Advisory Council.
Chris Hebden
Chris is group finance manager at Cairn Energy PLC, with responsibility for the Group’s Statutory reporting requirements, preparing Financial Statements, maintaining the Group’s accounting policies and producing monthly management reporting, managing multiple currencies. Through his role, Chris has participated in several FRC Financial Reporting Lab projects. Chris joined ICAS in 1996.
Claire Fraser
Bio to follow.
Colin Burns
Colin is a Technical Director at RSM based in Edinburgh, with responsibility for technical policy and risk management across RSM’s Accounting and Business Advisory faculty which comprises over 400 accounting professionals in more than 25 offices in the UK. Through his current role Colin has led the design and implementation of web-based working papers files and an online cross faculty deliverables portal for statutory reporting as he strives for continuous improvement in quality, consistency and efficiency across the ABA faculty and wider firm. Colin qualified as a CA in 2005.
Craig Simpson
Craig is a Large Business Accountant with HMRC, advising tax colleagues on accountancy matters in the largest businesses in the UK, with particular focus on groups in the banking and insurance sector. He has previous experience working as an audit senior manager in a Big 4 firm. Craig qualified as a CA in 1995.
Duncan Cameron
Bio to follow.
Ioannis (Yannis) Tsalavoutas
Ioannis Tsalavoutas is Professor of Accounting and Finance at the University of Glasgow. He is also Chairman of the European Financial Reporting Network (EUFIN). His research interests cover financial accounting and reporting. In particular, he investigates companies' reporting practices under International Financial Reporting Standards across different jurisdictions, along with any economic consequences that may arise from divergence in practice. He has published papers in leading journals and has given oral evidence inter alia to members of the International Accounting Standards Board.
Mark O'Sullivan
Mark leads PwC’s Corporate Reporting and Governance team in the UK. He has around twenty years of experience in advising many leading organisations on current and best practices in reporting, the effectiveness of their corporate reporting and the implementation of new reporting strategies in order to meet the needs of the capital markets and the increasing regulation around corporate reporting.
Nasir Ali
Bio to follow.
Rhodri Whitlock
Bio to follow.
Rosalind Clarke
Rosalind is a Project Director for Accounting and Reporting Policy at the Financial Reporting Council. Her expertise includes development of accounting standards, research, non-financial reporting and disclosure, UK company law and the implementation of EU Directives. She qualified as a CA in 2010.