Follow TopicFollow Contributor Share Feedback
UK FRC Consults on Audit Committee Standard

UK FRC Consults on Audit Committee Standard

by Starling Insights

Starling Insights Editorial Board

Dec 02, 2022

Observations

Last month, the UK Financial Reporting Council (FRC) launched a consultation on its draft proposal of a minimum standard for audit committees' oversight of the external auditor relationship and audit quality.

After the consultation, the final standard will be available to audit committees voluntarily by the end of 2023. However, the guidelines will likely become mandatory when the Audit, Reporting and Governance Authority (ARGA), a proposed regulatory agency poised to replace the FRC, is implemented in the coming years.

This content is available to paid Members of Starling Insights.

If you are a Member of Starling Insights, you can sign in below to access this item. 

 

If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform.  Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.

Join The Discussion

See something that doesn't look quite right?

We strive to provide high quality and accurate content at all times. With that said, we realize that sometimes links break, new information becomes available, or there is something that you feel we may have missed.

If you see something that you think we should be aware of, we would love to hear from you. Feel free to drop us a note below and leave your name and contact info if you'd like to hear back from us.

Thank you for being a key part of the Starling Insights community!