Although the government cancelled the requirement, resilience disclosures ‘cannot be wasted effort’, says senior auditco chair.

The government’s bonfire of the regulations expected for audit reform creates a source of uncertainty for business.

We need to ensure that regulations do not inappropriately reduce a board’s ability to take decisions in the best interests of the company.

The detail of the new regulations has been fleshed out—and could catch many more companies than expected.