The Financial Reporting Council published an initial response to the publication yesterday of the Competition Commission's decision regarding provisional measures in respect of the statutory audit services market: see here. The FRC expresses concern with regard to some of the proposed measures but welcomes the Commission's decision not to propose mandatory audit firm rotation.
Tuesday, 23 July 2013
UK: FRC response to Competition Commission's provisional measures
The Financial Reporting Council published an initial response to the publication yesterday of the Competition Commission's decision regarding provisional measures in respect of the statutory audit services market: see here. The FRC expresses concern with regard to some of the proposed measures but welcomes the Commission's decision not to propose mandatory audit firm rotation.
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