On the 17 June 2016, the UK incorporated the 2014 EU Audit Regulation and Directive into company law. This has been reflected in consequential amendments to the UK Corporate Governance Code (the Code) as well as updated Guidance for Audit Committees and auditing and ethical standards (proposed final drafts were published in April). The main implications for companies is that it turns up the heat on audit committees in terms of skills and communications.
This is the second paper in a series to help companies respond to evolving corporate governance requirements.
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If you would like discuss corporate governance reporting in more detail please contact our Business Development Manager Mitchell Kirkham-Cooper on firstname.lastname@example.org