UKSA’s policy team are drafting a reply jointly with ShareSoc to the Financial Reporting Council’s consultation on proposed revisions to the Audit Firm Governance Code.
The relevant page on the FRC website can be accessed here. Audits are important to shareholders as they underpin their confidence and trust in their companies, management and the numbers they report. In relation to audits it therefore follows that the audit regulator’s requirements for audit firms’ governance is also important and we would like to provide our thoughts to the FRC on this. We will be answering all their questions. If any members would like to provide comments, please email, before 21 October 2021, the UKSA office at firstname.lastname@example.org for passing on to the response team.