Proposals on the future of audit
The Department for Business, Energy and Industrial Strategy (BEIS) has published the government's response to last year's White Paper ‘Restoring trust in audit and corporate governance’. This section provides a summary of those proposals on the future of audit covering:
- A new professional body for corporate auditors
- Enhanced reporting by auditors
- Managed shared audits
- Operational separation
- Principles of Corporate Auditing
- Publication of AQR reports