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Governance in brief

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Governance in brief is a summary of the latest corporate governance developments, incorporating details of the source, relevant dates and links to further information

August 2019

Auditor independence rules: new FRC consultation and a reminder for audit committees

The FRC has published a consultation on proposed changes to auditor independence rules and limited proposed changes to UK auditing standards. The consultation proposes an implementation date for periods commencing on or after 15 December 2019, with no transitional provisions currently proposed, meaning that many audit committees will need to move quickly to implement the changes in advance of their new financial year.

The consultation closes on 27 September 2019.

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