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Provision 29

Revisions to Provision 29 of the UK Code came into effect on 1 January 2026, requiring companies to describe how the board has monitored and reviewed the effectiveness of its internal control framework. Find out more about what this change means for boards and auditors, and hear from audit committee chairs on the approaches being taken.

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Insights from ACCIF

This series of five articles explores how members of the Audit Committee Chairs’ Independent Forum (ACCIF) and their organisations are approaching Provision 29.

Will Provision 29 prove valuable?
  • Article
  • 05 Feb 2026
The first in a five-part Corporate Governance Faculty series looking at Provision 29, this article considers how it can be a source of business value when approached by boards in the right way.
How to define material controls for Provision 29
  • Article
  • 05 Feb 2026
In the second Corporate Governance Faculty article on Provision 29, experienced audit committee chairs share the three key questions boards are asking about defining and matching principal risks and material controls.
How are boards thinking about assurance for Provision 29?
  • Article
  • 05 Feb 2026
After boards approve the framework for matching principal risks to material controls for Provision 29, their next step is defining the assurance structures to give them confidence that those controls are working effectively.
Provision 29 dry runs: a way to engage the board?
  • Article
  • 05 Feb 2026
As part of the Corporate Governance Faculty’s Provision 29 series, this article examines the merits of conducting a dry run ahead of next year’s declaration and considers the role of audit committee chairs in engaging the full board.
What do boards expect to declare under Provision 29?
  • Article
  • 05 Feb 2026
The final article in the Corporate Governance Faculty’s Provision 29 series explores what audit committee chairs believe will be included in the annual report declaration itself.

More Provision 29 articles

2026: Get ready for Provision 29
  • Article
  • 01 Jan 2026
There will be continued emphasis on good governance in 2026, as Provision 29 of the Corporate Governance Code comes into effect, explains Peter van Veen, ICAEW's Director of Corporate Governance and Stewardship.
Six steps to strengthen governance ahead of new Provision 29 requirements
  • Article
  • 22 Oct 2025
Corporate governance is at a crossroads. Experts warn that frameworks that once looked robust are no longer enough, particularly as revisions to Provision 29 come into force in January 2026.
Revisions to Provision 29 of the UK Code: what auditors need to know
  • Article
  • 22 Jul 2025
What are the new requirements for companies under Provision 29 of the FRC’s Revised UK Corporate Governance Code?
New internal controls reporting requirements: auditors’ views
  • Article
  • 24 Jul 2025
ICAEW staff met with a number of large audit firms in October 2024 to discuss the implications of the revised Provision 29 on the audit. What follows highlights key points made during that discussion.

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