More powers for FRC receives scant support from company secretaries
A survey of company secretaries reveals that fewer than a third back the prospect of more powers for the UK’s audit and governance regulator.
Fewer than one-third of company secretaries want the UK's corporate governance watchdog to have more enforcement powers, a survey has found.
The poll, carried out by ICSA: The Governance Institute and recruitment specialist, The Core Partnership, found that 27% of those questioned believe a review underway by the government should give the Financial Reporting Council (FRC) more powers. Just over half, 57%, said they were opposed to more powers for the FRC, while a hefty 16% said they were "unsure".
The review of the FRC was prompted by concerns that arose about the market for large audit during a review of events contributing to the c
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