FRC for you Restoring trust in Audit and Corporate Governance How you can hear more about the consultation and share your views

How you can hear more about the consultation and share your views

There are lots of opportunities to hear more about the consultation and to get involved and share your views on the proposals.

We are breaking the consultation down into 7 main themes, so you can attend all the sessions or just choose the areas you are most interested in.

In this table we set out the 7 themes and identify some of the key issues in that theme:

 

Theme Highlights
Regulatory Framework
  • Definition of PIE
  • Internal controls
  • Set up of ARGA
Corporate Reporting and Governance
  • Resilience Statement
  • Audit & Assurance Policy
  • Capital Maintenance
  • Malus and Clawback 
Audit Scope
  • Purpose and scope of audit
  • The new profession
  • Auditor reporting
Quality and Competition in the Audit Market
  • Operational separation
  • Managed shared audits
  • Audit Committee oversight
Supervision
  • Scope of Corporate Reporting Review
  • Scope of Audit Quality Review
  • PIE auditor registration
Enforcement
  • Enforcement related to directors
  • Enforcement related to accountants
  • The Enforcement function
Actuarial Regulatory Reform
  • Statutory regulatory basis
  • Setting, monitoring & enforcing standards
  • Regulating entities

Register to attend one of our webinar sessions

We will be hosting a series of webinars featuring FRC experts highlighting the key points in the consultation. There will also be an opportunity to ask questions to the presenters.

All 7 webinars will be recorded and will be available on the FRC website shortly after the events take place.

To register to attend please click on the links below.
 
Theme Webinar details Materials
Regulatory Framework Thursday 22nd April
15:00 – 16:00
Webinar recording

Webinar slides
Corporate Reporting and Governance Wednesday 7th April
10:00 – 11:00
Webinar recording

Webinar slides
Audit Scope Thursday 15th April
15:30 – 16:30
Webinar recording

Webinar slides
Quality and Competition in the Audit Market Tuesday 13th April
15:30 – 16:30
Webinar recording

Webinar slides
Supervision Wednesday 21st April
09:30 – 10:30
Webinar recording

Slides webinar
Enforcement Thursday 8th April
09:30 – 10:30
Webinar recording

Webinar slides
Actuarial Regulatory Reform Wednesday 12th May
13:00 – 13:45
Webinar recording

Webinar slides
 

Join us for a discussion “roundtable” virtual meeting to share your views

For each theme, there will be a roundtable discussion for each main stakeholder group as well as a meeting open to all other interested parties.  You can see the dates and times for each session in the table below.

If you would like to attend a discussion to share your views, please email stakeholderengagement@frc.org.uk with the meetings you would like to attend and we will send you the relevant Microsoft teams link(s).

Please note that we will be recording the discussions for note taking purposes and to share with BEIS as part of the consultation feedback gathering process.  We will not be publishing the recordings. If there is overwhelming demand to attend the discussions we may need to schedule additional dates.
 
Theme Stakeholder Group Discussion date and time
Regulatory Framework Investors Tuesday 27th April
14:00 – 15:30
  Companies and Boards Wednesday 5th May
15:00 – 16:30
  Auditors, Audit firms and professional bodies Wednesday 12th May
15:00 – 16:30
  All other interested parties Tuesday 11th May
14:00 – 15:30
Corporate Reporting and Governance Investors Tuesday 25th May
14:00 – 15:30
  Companies and Boards Thursday 27th May
09:30 – 11:00
  Auditors, Audit firms and professional bodies Thursday 6th May
10:00 – 11:30
  All other interested parties Thursday 29th April
09:30 – 11:00
Audit Scope
 
Investors Wednesday 26th May
09:30 – 11:00
  Companies and Boards Tuesday 18th May
15:00 – 16:30
  Auditors, Audit firms and professional bodies Wednesday 19th May
09:30 – 11:00
  All other interested parties Tuesday 4th May
14:00 – 15:30
Quality and Competition in the Audit Market Investors Thursday 13th May
13:30 – 15:00
  Companies and Boards Monday 10th May
14:00 – 15:30
  Auditors, Audit firms and professional bodies Monday 26th April
10:30 – 12:00
  All other interested parties Monday 17th May
15:00 – 16:30
Supervision Investors Tuesday 11th May
11:00 – 12:30
  Companies and Boards Wednesday 28th April
15:00 – 16:30
  Auditors, Audit firms and professional bodies Thursday 20th May
15:00 – 16:30
  All other interested parties Thursday 6th May
15:00 – 16:30
Enforcement Investors Wednesday 5th May
10:00 – 11:30
  Companies and Boards Monday 26th April
15:00 – 16:30
  Auditors, Audit firms and professional bodies Monday 24th May
15:00 – 16:30
  Lawyers Thursday 20th May
10:30 – 12:00
  All other interested parties Wednesday 19th May
14:30 – 16:00
Actuarial Regulatory Reform All stakeholders Tuesday 18th May
09:30 – 11:00 
  All stakeholders Thursday 27th May
13:30 – 15:00