UK FRC Updates Rules for Third Country Auditors
The UK Financial Reporting Council (FRC) has updated its rules for third country auditors effective September 1, 2026. The changes allow audits of Chinese-registered companies listing Global Depositary Receipts on the London Stock Exchange's Stock Connect segment under Chinese Standards on Auditing. These revisions aim to address barriers faced by Chinese GDR issuers while maintaining audit quality and investor protection.
Topics: Chinese Standards on Auditing Stock Connect Third Country Auditors (TCAs) UK FRC