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 Audit Reform Delays Holding UK Back

Audit Reform Delays Holding UK Back

by Starling Insights

Starling Insights Editorial Board

Mar 16, 2023


Micheal Izza, the Head of the Institute of Chartered Accountants in England & Wales (ICAEW), recently warned that the UK government's failure to overhaul the rules governing the country's audit sector could lead to a loss of investor confidence, threatening Britain's position as a leading investment hub. 

Izza argued that the reforms must be prioritized to give businesses certainty regarding the regulatory environment, expressing hope that new business secretary Kemi Badenoch will be a problem solver who can get the reforms done. "It just feels that someone needs to grab this by the scruff of the neck and move forward," Izza stated, as the planned reforms "are pretty much ready to go." 

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