Audit and Corporate Governance
The question
To ask the Secretary of State for Business and Trade, whether he plans to bring forwards an alternative to the Audit Reform and Corporate Governance Bill.
Answered by Blair McDougall
The UK is a world leader in audit quality and corporate governance. We will bolster this further by launching a consultation to modernise, simplify and streamline the UK's corporate reporting framework, with the ambition to make the UK's reporting regime the most proportionate in the world. We also intend to legislate to put the Financial Reporting Council on a proper statutory footing when parliamentary time allows.
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