Mark Babington is the Acting Director of UK Auditing Standards and Competition at the Financial Reporting Council. He is responsible for the FRC’s UK Audit Policy programme, measures to support greater competition in the UK audit market and work to support the reform of international standard setting for auditors, by global regulatory authorities.
Prior to joining the FRC, Mark had a twenty-year career in audit and was a Director at the UK National Audit Office, where his responsibilities included the audit of HM Revenue and Customs, Energy and Nuclear and Defence. He led the NAO’s work on Financial Management, Counter Fraud and Money Laundering. Prior to that he was a technical advisor to a number of EU capacity-building programmes. He was also involved in the audit of the United Nations and has served as a short-term expert advisor to the Office of the High Representative in Bosnia and the NATO Agencies Reform working group.
For five years, Mark was a non-executive member of the UK government’s counter-fraud taskforce, He is a former Chairman of the International Colleges of Auditors of a number of European defence-related organisations. Mark is an Independent Governor, Board Member and Chair of the Audit and Risk Committee of the Westminster Foundation for Democracy, which is the UK public body dedicated to supporting democracy around the world.
He was educated at York University taking a degree in History, qualifying after that as a Chartered Accountant with the ICAEW.