Today’s King’s Speech included a declaration that the UK would get a draft audit reform and corporate governance bill.

Adopting proposals ditched by the previous government would foster growth and a transparent, trustworthy business ecosystem.

Government legislative agenda sees FRC reduce governance code revisions, but declaration on controls survives the cull.

Further delay ‘will not achieve the aim of restoring trust in audit and corporate governance’, says Deloitte managing partner.

Long-awaited legislation to create a new audit and governance watchdog may not see light until after the election, says news report.