Regulation
FRC unveils new MoU for local audit system
The MoU represents an important step towards implementing the changes the government promised to make to the local audit framework in response to the Redmond Review
The Financial Reporting Council (FRC) and the Department of Levelling Up, Housing and Communities (DLUHC) has published a Memorandum of Understanding (MoU) outlining the FRC’s role as shadow system leader for the local audit system.
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