Kari Hale, the regulator's accounting and audit sector leader, told Accountancy Age this week that the FSA was involved in government preparations for the possibility. 'We are continuing to work on them, but it would be premature to say anything now.'
The former Deloitte and Andersen partner hints at a possible return to the private sector.
'My work has brought me into contact with the Big Four and the importance of their work. I think I could see myself going back into the auditing world. I have a renewed passion for and sense of the value of a good and external audit,' he said.
