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UK auditors should assess companies’ compliance

( January 23, 2014, 11:54 GMT | Official Statement) -- MLex Summary: Auditors should improve how they identify laws and regulations that affect companies they audit, the UK Financial Reporting Council said. Audit companies should evaluate companies’ internal compliance controls and apply greater skepticism to possible breaches, the FRC said in a thematic review.The text of the statement follows. Click the attachment below to read the document....

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