UK Audit Reform Progress at 19% as Government Abandons Comprehensive Bill
The Centre for Public Interest Audit (CPIA) reports that only 19% of the UK's 2022 audit and corporate governance reforms have been implemented, following the government's decision to abandon a comprehensive bill. Some reforms have been enacted through regulatory bodies like the Financial Reporting Council (FRC), but 69% of the proposed changes are now stalled without a legislative framework.
Topics: audit reform corporate governance CPIA analysis Financial Reporting Council UK government