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Technical news in brief

ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics. Please note only Audit and Assurance Faculty members and Faculties Online subscribers have access to these technical updates.

Audit and Assurance | 8 November 2022

The Financial Reporting Council (FRC) has launched a consultation on its draft proposal for a minimum standard for audit committees. The purpose of the standard will be to increase performance across audit committees in the FTSE 350, ensuring a consistent approach. The consultation will run until 8 February 2023.