Research shows the public wants accessible information to hold companies to account, and underlines the negative impact of recent corporate scandals.
Commentators often make great claims for what the public thinks about complex issues like audit, corporate reporting and governance. But rarely are the public’s thought processes put to the test—until now.
The Financial Reporting Council (FRC), a body facing reform under current proposals before government, decided that further change could not happen without knowing what the public thinks. Major research has now delved into the public view of reporting, governance and audit thanks to a series of "citizens' juries"commissioned by the FRC and run around the country by consultancy BritainThinks.
The research revealed that when the pub
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