The Financial Reporting Council (FRC) has published these practical suggestions to help companies undertake an effective process when they put their audit contracts out to tender. Following the introduction in the Corporate Governance Code in October 2012 of the provision for FTSE 350 companies to put their audit contract out to tender every ten years on a comply or explain basis, the FRC was asked by Audit Committee chairmen and others to provide some practical examples of how a tender might be conducted. The FRC’s publication has been produced following a series of roundtables which involved Audit Committee chairmen, investors, finance directors and auditors, all of whom shared their views and experiences of the audit process.
The Financial Reporting Council (FRC) wanted to better understand the views of the general public who, as investors in shares, on their own account or in ISAs or pensions, or as customers or employees of businesses, have a stake in the work of the regulator.
This report looks at citizens’ views...
This report seeks to address how boards and executive management can steer corporate behaviour to create a culture that will deliver sustainable good performance. This report looks at the increasing importance which corporate culture plays in delivering long-term business and economic success – a...
This report is part of a series, following earlier reports on developments in corporate governance and audit. It provides the FRC’s assessment of corporate reporting in the UK based on broad outreach and evidence, including that obtained from the FRC’s own monitoring work, performed by its Corpo...
BOARD AGENDA
BOARD AGENDA
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