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FRC launches consultation on limited revisions to the Client Asset Audit Standard

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02 Aug 2019

The Financial Reporting Council (FRC) has launched a consultation proposing limited revisions to the Client Asset Audit Standard (CASS Standard).

e CASS Standard was introduced in 2015 to support the Financial Conduct Authority’s regulatory activity and oversight of the CAThe CASS Standard was introduced in 2015 to support the Financial Conduct Authority's regulatory activity and oversight of the CASS sector.

The revisions follow a post implementation review of the standard.  The proposed changes include:

  • regulatory changes to the scope of the CASS regime;
  • changes to improve the value of reporting to those charged with governance; and
  • some streamlining to requirements.

The consultation runs until Friday 27 September 2019.  

A press release and the consultation are available on the FRC website.

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