This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK government drops plans to reform audit market

( January 20, 2026, 10:09 GMT | Official Statement) -- MLex Summary: Plans to reform the UK's audit market in the wake of some high profile corporate failures have been abandoned by the government. In a letter made public on Tuesday, Blair McDougall, the Minister for Small Business and Economic Transformation, said the government wanted to reduce burdens on business and the need for reform was less pressing. Plans to reform the auditing process in the UK had been in place since 2022 and the Labour government had pledged to carry through the changes. The letter is attached below....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections