United Kingdom - Audit Policy

02/04/2019

The UK Parliament Business, Energy and Industrial Strategy Committee issued its report on the future of audit. The report calls for structural or at least operational split of firms’ audit/advisory practices, market share caps on firms in the major FTSE indices, joint audits, and changes to audit scope to encompass the full annual report and deliver ‘graduated’ findings.

https://www.parliament.uk/business/committees/committees-a-z/commons-select/business-energy-industrial-strategy/news-parliament-2017/future-of-audit-report-published-17-19/