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FRC Revisions to the Ethical Standard

BSA Response to FRC Ethical Standard Revisions
In August 2023, the FRC issued a to further enhance and clarify the principles of integrity, objectivity and independence auditors must abide by. 

The BSA broadly welcome these proposals to the Ethical Standard and sees this as a demonstration of continued commitment by the FRC to improving the quality of audits, which is crucial to all Ó£ÌÒɬ¸£Àû¼§ and the economy.

The BSA do, however, remain concerned about the current state of the audit market for Ó£ÌÒɬ¸£Àû¼§, and have outlined arguments for further consideration on how these issues can be addressed. 

You can read our full response here.