UK: REGULATOR PROPOSES STRICTER STANDARDS FOR AUDITORS

On 16th July, the Wall Street Journal reported that the Financial Reporting Council’s move follows findings of substandard audits of large companies.  The FRC has launched a consultation soliciting comment from the public on its proposed changes to the country’s ethical and auditing standards last reviewed in 2016, and which provide U.K. auditors with guidelines on how to conduct their work.

https://www.wsj.com/articles/u-k-regulator-proposes-stricter-standards-for-auditors-11563295509

The consultation itself is at –

https://www.frc.org.uk/news/july-2019/frc-consults-on-enhanced-ethical-and-auditing-stan

 

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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