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Commenting on joint guidance on audits from the Bank of England, FCA, FRC and PRA,

Michael Izza, ICAEW Chief Executive, said:

“We welcome these pragmatic and proportionate moves. We are seeing an evolving programme of regulatory easing which demonstrates that the UK authorities – the Bank of England, FCA, PRA and FRC – are getting their priorities right in the fight against the economic impact of the epidemic.

“This will be a real help to auditors and businesses as they work together to protect employment and prosperity.”