The changes to implement effective company stewardship announced by the Financial Reporting Council (FRC) for 2013 create an expectation that audit committees will achieve a step change in their reporting. With the support of the FRC and the Department for Business, Innovation and Skills, the Audit Quality Forum explored this question in a debate on 20 March 2013.
This prospectus sets out the AQF agenda on tackling the big issues around the reliability of audited financial statements and helping to make related public policy work.
This is a transcript of the speech Jo Swinson, Minister for Employment Relations, Consumer and Postal Affairs, delivered at the AQF meeting on 20 March 2013. Her speech centred on three key themes: the importance of audit committees, executive pay and women on boards.