Our Financial Reporting and Corporate Governance Expert Groups contributed to our response to the FRC's consultation on Enhancing confidence in Audit: Proposed revisions to the Ethical Standard, Auditing Standards, UK Corporate Governance Code and Guidance on Audit Committees.
We commented that the FRC’s approach taken since the previous consultation is generally welcome and positive for small and mid-size companies. Notwithstanding, we mentioned that there are some points that would need clarification and which we have addressed in more detail in our response.
