25 January 2016
The FRC is consulting on the governance code for auditors
The Financial Reporting Council (FRC) has issued a consultation on the provisions of the Audit Firm Governance Code, following the results of a review between May and August last year. The document includes a new draft Code. Comments on the consultation and proposed Code amendments are invited by 11 March 2016.
The Code was first introduced in January 2010 for firms which audited 20 or more listed companies. The original aim was to provide a formal benchmark of good governance practice...