BEIS urged to set out implementation timetable for Sarbanes-Oxley-style audit reform

Mar 18, 2021 - City AM

The audit industry has urged the government to set out a timetable detailing when it plans to implement changes outlined in today’s audit reform consultation so as to mitigate against risk of further delays.

This morning the Department for Business, Energy and Industrial Strategy (BEIS) published its long-awaited report on audit reform.

The monster consultation contained details on the creation of a new audit regulator, the Audit, Reporting and Governance Authority (ARGA), and laid...