UK: Auditing: Code of Best Practice Governance for Accountancy firms auditing public interest entities

Last year the FRC's Market Participants Group recommended that every firm auditing a public interest entity should comply with a best practice governance code similar in style to the UK’s Combined Code. As part of this effort, the FRC and ICAEW have announced that Norman Murray will chair the Audit Firm Governance Working Group, which will develop this new code. For further information click here.