Long-awaited Audit reform makes it into King’s Speech
Published on Thu, 01/08/2024 - 11:38
New regulator to replace the Financial Reporting Council (FRC)
The draft Audit Reform and Corporate Governance Bill will pave the way for a new accounting regulator with enhanced powers– the Audit, Reporting and Governance Authority (ARGA) – to replace the FRC. The proposed reforms date from the time following the collapse of Carillion in 2018, including an independent review into the quality and effectiveness of audit.
Airmic has been supporting the efforts of the Chartered Institute of Internal Auditors in pushing for progress on audit and corporate governance reform in the UK.
https://www.independent.co.uk/business/longawaited-audit-reforms-in-king...