UK: Government white paper - "Restoring trust in audit and corporate governance" - update

The Government white paper Restoring Trust in Audit and Corporate Governance was published last March with the consultation period ending in July: see here. Today, FT.COM has reported: "Ministers will set out plans to overhaul the regulation of UK auditors and boardrooms in the coming weeks, ending a long wait for the reforms that were first proposed more than three years ago. The proposals have been circulated to government departments for final sign-off, according to two government officials. But they cautioned of possible further delays to the implementation of the new rules as there was no guarantee they would be included in the government’s next legislative programme".