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Consultation on audit firm governance

1 Dec 08

Views are being sought on what a code of governance for audit firms might cover

The Audit Firm Governance working group was set up, under the chairmanship of ICAS past president Norman Murray, as part of the Financial Reporting Council’s review of the audit market. It has published an evidence-gathering paper, as the first step towards developing a code of best practice governance for firms that audit public interest entities. The code will not apply to other audit firms.

There is a 31 January 2009 deadline for responses and the paper can be seen at www.icaew.com/auditfirmgovernance

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Page No: 102

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Governance

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