Tuesday, 26 June 2012

UK: reform of the Financial Reporting Council

The House of Lords yesterday debated and approved the Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc.) Order 2012. Hansard, the record of debate, is available here or here (pdf). The purpose of the Order is to make changes to the structure and powers of the Financial Reporting Council. Further information is available here. A copy of the Order will be published soon on the legislation.gov.uk website (a draft of the Order is available here).

Update (6 July 2012): a copy of the Order has been published here.

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