FRC comments on BEIS Select Committee report
02 April 2019
An FRC Spokesperson said:
“The FRC shares a number of the concerns expressed in the Select Committee report which are consistent with the evidence we submitted to its inquiry.
“Long term fundamental changes to the regulation of audit form part of the implementation programme we are developing with BEIS. We have noted the Committee’s views on the need for change and are pleased to see their support for the transformation of the FRC into the new regulator the Audit, Reporting and Governance Authority.”