January 18, 2010

New rules for UK auditors

Filed under: Uncategorized — ktetaichinh @ 2:34 pm
Tags: ,

New rules for UK auditors

The biggest UK audit firms must appoint independent non-executives to help reduce the risk of an Andersen-style collapse, according to a radical new UK governance code to be published on Monday. The Audit Firm Governance Code – drawn up at the request of the Financial Reporting Council – is the first time the “big four” accounting firms will be required to adopt a code similar to that governing the companies they audit in the UK.


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