News July 2022 FRC seeks assurances from audit firms and professional bodies on exams cheating

FRC seeks assurances from audit firms and professional bodies on exams cheating

15 July 2022
Over the past few months, a number of firms around the world have been sanctioned by regulators regarding cheating in exams. The most recent example involved cheating in external professional exams in addition to cheating on internal assessments.
 
The FRC is deeply concerned about these events and the potential impact on UK audits if such an issue was identified in the UK. The FRC has written to the Tier 1 audit firms and professional bodies who are Recognised Qualifying Bodies to seek assurances that such a situation could not materialise here in the UK.
 
Read the Firms CEO Letter here, and the Professional Bodies CEO Letter here.
 

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