For the first time, the group of 17 charity experts was recruited through an open, external advertising process. It includes not only accounting specialists but also those who can contribute a layperson's view.
Only three members of the previous committee remain: Ray Jones, head of accountancy policy at the Charity Commission; Kate Sayer, of accounting firm Sayer Vincent; and Pesh Framjee, head of the not-for-profit unit at Deloitte.
The committee will be chaired by Andrew Hind, chief executive of the Charity Commission, and the deputy chair will be OSCR's head of monitoring and investigations, Kirsty Gray.
Hind and Gray will be assisted by six finance directors: John Graham of the NSPCC; Chris Harris of Action for Blind People; Claire Newton of Marie Curie Cancer Care; Catriona Scrimgeour of the Bethany Christian Trust; Paul Spokes of the Sainsbury Family Charitable Trusts; and Keith Hickey, chief executive of the Charity Finance Directors' Group.
The remaining members are Debra Allcock Tyler, chief executive of the Directory of Social Change; Tidi Diyan of the Association of Charity; Tristan Lumley, senior research analyst at New Philanthropy Capital; Carol Rudge, a partner at Grant Thornton; Noel Hyndman, professor of management accounting at Queen's University, Belfast; and Peter Gotham, a partner at chartered accountants Gotham Erskine, a specialist in not-for-profits, and chair of the charities and voluntary sector special interest group of the Institute of Chartered Accountants for England and Wales's.
Hind described the new body, which will take particular care to consider the interests of smaller charities, as "more representative of sector and professional interests".
He added: "This diversity of experience will prove invaluable as we continue our work in 2007 and, equally importantly, help us ensure that we communicate and engage fully with the sector as our programme of work develops."
Gray said: "The open recruitment process has resulted in a Sorp committee with an impressive breadth of talent and experience within its membership.
"We look forward to working with the committee on financial reporting improvements in the charity sector across all jurisdictions of the UK."