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FRC to strengthen auditor reporting requirements

The FRC is consulting on strengthening both ISA (UK) 250 Section A and ISA (UK) 250 Section B

The Financial Reporting Council (FRC) has launched a consultation to strengthen auditor requirements to detect and report material misstatements from non-compliance with laws and regulations and to clarify instances auditors should report such breaches, and other significant matters, to the relevant regulators.

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