Comment deadline for FRC consultation on audit reform
The Financial Reporting Council (FRC) has issued a consultation document on audit reform, "Consultation: Auditing and ethical standards – Implementation of the EU Audit Directive and Audit Regulation". This, in conjunction with the Department for Business Innovation & Skills’ (BIS) discussion paper, proposes change in the UK to implement the EU Audit Directive (‘the Directive’) and Audit Regulation (‘the Regulation’), as well as other changes that may made to enhance confidence and strengthen the audit regime.
Click for our news story on the consultation.