The UK government has proposed measures to restore trust in governance, reporting and auditing. Drawing upon the recommendations of three major reviews by Sir John Kingman, the CMA, and Sir Donald Brydon, the proposals include sweeping changes for company directors and auditors. ICAEW has consistently emphasised the urgency of reform. As a leading global professional body for chartered accountants, we are committed to contributing to the restoration of trust in the profession.
“A significant package of reform” is how Sir Jon Thompson, CEO of the FRC, framed the BEIS White Paper ‘Restoring trust in audit and corporate governance’ in virtual conversation with Michael Izza, CEO of ICAEW.