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Joe Pickard February 5, 2021 (Last Updated February 5th, 2021 11:43) Share Article Financial Times ( FT), recently appointed UK business secretary Kwasi Kwarteng intends to publish a white paper on audit reforms as early as next week. The white paper will follow numerous reviews into the UK audit market, most recently the Brydon report which called for the UK’s Financial Reporting Council (FRC) to transition into a new regulator, the Audit, Reporting and Governance Authority (ARGA). The FT reported that the white-paper will push forward with many of the major recommendations from the independent reviews into the audit market, with the exception of the Competitions and Market Authority’s (CMA) recommendation that listed companies should have to enlist the services of two auditors to carry out a joint audit. The department for Business, Energy and Industrial Strategy (BEIS) is instead expected to propose a ‘more limited plan

United kingdomKwasi kwartengMaggie mcgheeUnited kingdom financial reporting councilMarket authorityAssociation of chartered certified accountantsGovernance authorityFinancial timesFinancial reporting councilIndustrial strategyUnited kingdom governmentBusiness secretaryChartered certified accountantsஒன்றுபட்டது கிஂக்டம்மாகி மஃபீஒன்றுபட்டது கிஂக்டம் நிதி புகாரளித்தல் சபை