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Skeoch appointed interim chair of UK accounting watchdog

LONDON, Oct 15 (Reuters) - Keith Skeoch, the former boss of Standard Life Aberdeen, will be the interim chair of Britain’s accounting watchdog for up to six months, the business ministry said on Thursday.

Skeoch will stand in as chair of the Financial Reporting Council after Simon Dingemans left in May after only eight months in the job to join private equity firm Carlyle.

A permanent chair will be recruited and announced in due course, the business ministry said in a statement.

A City of London financial sector veteran, Skeoch has been a non-executive board member at the FRC.

He joins at a time when the FRC is driving through fundamental changes in the sector in response to corporate collapses at builder Carillion and retailer BHS that raised questions about auditing standards and the watchdog’s competence.

Britain is due to propose legislation to replace the FRC with a more powerful Audit, Reporting and Governance Authority.

Reporting by Huw Jones; Editing by Kirsten Donovan

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