PracticeAuditFund managers set blueprint for audit committee

Fund managers set blueprint for audit committee

Fund managers from the City of London's most powerful bodies are drawing up a code of best practice for audit committees that could see a major change in the way that companies monitor themselves.

Link: New help group for audit committees

Around 20 powerful fund managers and some large pension firms have put together a 50-point discussion paper which suggests a greater role and more responsibilities for non-executive directors that sit on a firm’s audit committee.

The paper, which is intended as an effort to influence the government’s Higgs review on non-executive directors, also sets down the possible shape of a model audit committee which fund managers want to see recognised as the main corporate governance body in any company.

Related Articles

PwC replaces EY as Domino's auditor

Audit PwC replaces EY as Domino's auditor

4d Alia Shoaib, Reporter
The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

1w Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

2w Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor