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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