AuditRegulators
FRC report highlights key elements for ‘high quality’ audits
The report highlighted six key attributes such as the culture, governance and leadership of the firms, alongside their investment in well qualified people, training and processes
A new report from the Financial Reporting Council (FRC) has set out the key elements required by audit firms to ensure they are delivering “high quality” audits.
The report highlighted six key attributes such as the culture, governance and leadership of the firms, alongside their investment in well qualified people, training and processes.
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