Tuesday, 10 March 2015

UK: audit reforms consultation - BIS publishes supplementary information

Last year the Department for Business, Innovation and Skills published a discussion document seeking views on a range of reforms the purpose of which is to enhance confidence and strengthen the audit regime, in the context of new European law (Directive 2014/56/EU and Regulation (EU) No 537/2014): see here (pdf). The Financial Reporting Council published a related consultation paper at the same time: see here (pdf). A few days ago, BIS published supplementary information in the form of answers to questions that it has been asked since the launch of the discussion document: see here (pdf).

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