Governance in brief
Governance in brief is a summary of the latest corporate governance developments, incorporating details of the source, relevant dates and links to further information
BIS clarifies timelines for the new mandatory rotation requirements
Further to the BIS Discussion Paper on UK implementation of the EU Audit Regulation issued in December 2014, BIS has issued a supplementary information paper focusing on the framework for auditor tendering and rotation. This paper provides clarity on the precise timings of the transitional arrangements. This is particularly relevant for companies falling into the “less than eleven years” category where there had been some ambiguity around the financial periods affected.
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