FRC publishes Audit Enforcement Procedure consultation response

News types: Feedback Statement

Published: 16 June 2023

The FRC has today published a response to the consultation on proposed amendments to the Audit Enforcement Procedure (AEP) and related guidance launched on 3 April 2023.
The main purpose of the proposals was to effect changes to the decision-making remit of the Board and the Case Examiner under Part 2 of the AEP (Initial Stages). The FRC welcomed the constructive and helpful engagement from stakeholders carefully considered all submissions received in response to the AEP Consultation, together with comments received on the Guidance and has decided to give effect to the amendments to the AEP proposed in the Consultation.

The amended AEP, Guidance to the Case Examiner and Hearings Guidance will come into force on 30 June 2023.

View the response to the consultation

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