RegulationCorporate GovernanceStakeholder meeting announced by FRC

Stakeholder meeting announced by FRC

Interim report from Market Participants Group to be discussed at meeting

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
Group
, 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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