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UK audit watchdog prepares to become 'more resilient regulator' ARGA

( July 23, 2021, 15:08 GMT | Official Statement) -- MLex Summary: The UK's audit watchdog is on track to become "a new, resilient regulator," it said in its annual report today. The Financial Reporting Council is in the process of transforming into the Audit, Reporting and Governance Authority, or ARGA, which will take a more robust stance in ensuring the auditing sector fulfils its regulatory requirements. "A strong regulator is key to creating trust in the quality of corporate governance, corporate reporting and audit which in turn builds stakeholder confidence in corporate behavior and reporting," chief executive Jon Thompson said.Statement follows. The reports are attached....

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