Auditors Audit and Assurance Audit Firm Governance Code

Audit Firm Governance Code

We are consulting on proposals to revise the Audit Firm Governance Code. The consultation is open until 18 November 2021. Detials of how to respond can be found in the consultation document which can be viewed here.

The 2016 Audit Firm Governance Code remains in effect until a revised version is issued. The 2016 version replaced the original Audit Firm Governance Code, which was issued in 2010. The 2016 version sharpened the Code’s purpose; promoted good governance of audit in particular; strengthened transparency; and introduced some additional provisions from the Corporate Governance Code.

Audit Firm Governance Code (Revised 2016) (PDF)
 
There are currently eight firms which apply the Code:
 
BDO LLP
Deloitte LLP
Ernst & Young LLP
Grant Thornton LLP
KPMG LLP
Mazars LLP
PricewaterhouseCoopers LLP
RSM UK Audit LLP

Previous consultations: Consultation: Audit Firm Governance Code - A review of its implementation and operation 

Feedback Statement: Review of the UK Audit Firm Governance Code (PDF)

Previous versions of the Audit Firm Governance Code:

Audit Firm Governance Code (2010) (PDF)