Stakeholder meeting announced by FRC

The Financial Reporting Council has
announced the date of a stakeholder meeting which will consider an interim
report on choice in the audit market.

The report, from the Market participants
, is the culmination of eight months of closed discussions on the
efficiency of the market for audit services to large companies. The MGP was also
talked with discussing a way forward to reduce the risks associated with a firm
leaving the market the group.

The MPG was nominated by firms, investors and companies.

Further reading:

Overview: audit competition debate

FRC group to advise on ‘audit choice’

Mid-tiers share MPG seat

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