Long planned laws to reform UK audit, replace regulator due mid-2025
By Phoebe Seers ( November 4, 2024, 13:49 GMT | Insight) -- Long-anticipated legislation to reform the UK’s audit framework and to create a new regulator with greater powers is expected to be published in draft form midway through next year, MLex has learned. The failure of successive governments to get to grips with audit reform has come into sharp focus with the collapse of another leading construction business with debts of nearly 1 billion pounds. Long-anticipated legislation to reform the UK’s audit framework and to create a new, stronger regulator is expected to be published in draft form midway through next year, MLex has learned....
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