Tag: audit reform bill
Boards will need to make internal controls statement
Government legislative agenda sees FRC reduce governance code revisions, but declaration on controls survives the cull.
MPs and Lords call for audit reform bill in King’s Speech
Delays to audit reform prompt parliamentarians to push for its inclusion in government’s legislative agenda despite signs of it being postponed.
Record fine for KPMG over Carillion audit
In all, the auditing giant has now been fined £30m for its failures at Carillion, reduced to £21.5m for co-operation.
Why we need audit reform right now
There is an “urgent need” for reform to the audit landscape as well as internal audit, the Chartered IIA argues.