Consultations on Audit Enforcement Procedure, Schemes and Regulations
Published: 25 September 2023
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Following the introduction of the revised Audit Enforcement Procedure in early 2022, the FRC had planned to consult on the implementation of provisions for joint tribunals. As part of ongoing preparations for the introduction of ARGA, the FRC has been focused on the creation of a new statutory regime for enforcement including accountants. In the absence of current cases that might be subject to a joint tribunal, the FRC has decided to defer the consultation and the implementation of Rules 153 – 160 of the AEP for the time being.