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Audit

FRC welcomes BEIS audit reform

The government’s proposals follow on from the growing number of large-scale company failures in recent years

The Financial Reporting Council (FRC) has welcomed the consultation launched by the department for business, energy and industrial strategy (BEIS) to reform the UK’s audit, corporate reporting and corporate governance system.
The government’s proposals follow on from the growing number of large-scale company failures in recent years.

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