The Financial Reporting Council has published the principles that will apply in respect of the operational separation of the audit practices of the Big Four firms: see here (pdf). The firms are expected to submit an implementation plan to the FRC by 23 October 2020 and to complete separation by 30 June 2024.
Tuesday, 14 July 2020
UK: FRC publishes principles for Big Four audit practice operational separation
The Financial Reporting Council has published the principles that will apply in respect of the operational separation of the audit practices of the Big Four firms: see here (pdf). The firms are expected to submit an implementation plan to the FRC by 23 October 2020 and to complete separation by 30 June 2024.
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