Audit Board Terms of Reference
These terms are reviewed by the Audit Board each year and any recommendations for amendment will be considered by the CEO.
Our Audit Non-Executives
Mazars has appointed Audit Non-Executives (ANEs) to an Audit Board. The Audit Board is not a formal component of the firm’s governance structure but currently an advisory body to the Audit Executive Committee.
There are currently three ANEs. Two of the three current ANEs also serve as Independent Non Executives (INES) on the UK Public Interest Committee and one ANE is not an INE.
Guy Jubb, Independent Member of the Public Interest Committee (PIC) and the Audit Board Date of first PIC appointment - 2017 Date of first appointment to Audit Board - 2023 Professor Guy Jubb is a Chartered Accountant and an Honorary Professor at the University of Edinburgh. He was formerly Global Head of Governance and Stewardship at Standard Life Investments, a role he fulfilled for over 20 years. He played a leading role in developing and implementing good practices in corporate governance and stewardship and was the recipient of an Outstanding Achievement Award from the ICSA, the Governance Institute. Guy is a Director of the ECGI, the European Corporate Governance Institute. Also, he is a Co-Director of the Conference Board’s European Corporate Governance Council, which he Co-Chaired for many years. In recent years he has been a member of the Global Advisory Panel of Standard Life Aberdeen plc, a member of the Standing Advisory Group of the PCAOB, the US audit regulator, and a member of the Policy Leadership Board of ICAS, the Institute of Chartered Accountants of Scotland, whose Research Panel he chaired. |
Lord Amyas Morse, Independent Member of the Public Interest Committee (PIC) and the Audit Board Date of first PIC appointment - 2019 Date of first appointment to Audit Board - 2023 Lord Amyas Morse spent a large part of his career as a partner at PwC and predecessor firms. First in Scotland, becoming a regional managing partner, then in London becoming a UK Executive partner, and then in global roles, as a global audit leader and then as global managing partner, Operations. He subsequently spent three years as a Defence Commercial Director at the Ministry of Defence before becoming Controller and Auditor General and CEO of the National Audit Office (NAO). He fulfilled this role for the 10-year term set down by parliament and published approximately 60 reports each year focusing on value for money. The NAO also carried out the audit of all central Government. During that time, he also served on the board of audit of the United Nations, including a spell of three years as Chair. More recently he acted as Independent reviewer of the Loan Charge, his report was published by the Chancellor of the Exchequer in December 2019, and all but one of the far-reaching recommendations were accepted. Amyas had recently become chair of two NHS foundation trusts and became a member of the House of Lords in May 2021. He is Chair of the Audit Board and a member of the Public Interest Committee of Mazars in the UK. |
Devyani Vaishampayan, Independent Member of the Audit Board Date of first Audit Board appointment - 2023 Devyani Vaishampayan is currently Remco Chair & NED at Saietta Group Plc, Remco Chair & NED at Norman Broadbent PLC, and on the REMCO Committee at The England & Wales Law Society. During her career, Devyani has been an international and multi-sector FTSE 30 CHRO and board member effectively leading large, diverse, and multi-billion complex organisations through transformational change. She has had global roles in successful organisations across various industries such as Citibank, AT&T, British Gas, Rolls Royce, and BSI. Having lived and worked in China, Singapore, and Europe (and managed teams in the Americas & Middle East) she is very international in her outlook. In addition, Devyani has been a successful entrepreneur using Digital/AI solutions around leadership, culture, and talent management. Devyani has received several international accolades:2021 – Top 100 Digital Influencer Around the Future of Work. 2020 – Finalist-Asian Women of Achievement, Technology & Digital. 2017 - Financial Times Ethnic Leaders List. 2015 – 100 Women to Watch, Cranfield business School Member of Audit Board. |
The Audit Board Secretary can be contacted using the following email address deborah.lovell@mazars.co.uk.
UK Audit Board
The purpose of this Charter is to provide to all stakeholders a guide to the firm’s Audit Board, how it operates and its priorities. It should be read in conjunction with the Audit Board’s Terms of Reference which sets out its formal responsibilities.
National contacts
David Herbinet Head of Audit & Assurance - UK and Global - London
