18 November 2022

Appointment to Financial Reporting Council


Joint media release with
The Hon Stephen Jones MP
Assistant Treasurer
Minister for Financial Services

The Albanese Government has today appointed Ms Emma Herd as a part‑time member of the Financial Reporting Council (FRC) for a three‑year period, bringing valuable climate and sustainability expertise to the regulator.

Ms Herd is currently a partner at Ernst and Young Oceania in the area of climate change and sustainability services. She has 20 years’ experience in the fields of finance, sustainability and non‑financial reporting with specialisation in commercial climate change finance and investment.

Her appointment will continue the high level of skills and experience available to the FRC to help ensure that the key sectors of our economy are effectively regulated.

The Albanese Government is committed to developing a clear and credible framework for climate disclosure for businesses that is consistent with emerging international standards. Ms Herd’s expertise will assist the FRC in regards to this priority area.

The FRC is responsible for overseeing the effectiveness of the financial reporting framework in Australia.

The FRC’s key functions include the supervision of the accounting and auditing standards setting processes for the public and private sectors, and providing strategic advice in relation to the quality of audits conducted by Australian auditors.