THE FINANCIAL Reporting Review Panel (FRRP) has published revised operating procedures that will encourage the sharing of information with the Audit Inspection Unit (AIU).
The FRRP said that, following a consultation, it plans to share more information with the AIU, particularly when the FRRP finds failings in company accounts.
The FRRP also said that if a company makes significant changes to financial or corporate reporting after an intervention by the FRRP, it will reserve the right to make these changes public.
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