Governance in focus: The 2013 audit committee reporting season: New rules or a new regime?

Published on: 30 Oct, 2013

Very significant changes have been introduced for 30 September year ends onwards and some of the key elements have only been finalised very late in the day.  In addition, the Competition Commission’s final report, issued earlier this month, will require a shareholder vote on whether the Audit Committee Report is satisfactory with effect from the last quarter of 2014.  This will enhance the visibility of the role and work of the Audit Committee as a whole and the Chair in particular.

In this Governance in focus we provide a summary of the changes facing boards, audit committees and auditors and how they will impact the 2013 audit committee reporting season; we provide observations on early adopters and we also outline a framework for the new style audit committee report. 


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