Thursday, March 13, 2008

FRC revamps audit committee guidance


FRC releases new consultation document to revise guidance to take forward the audit choice project.

The UK's accountancy watchdog has unveiled changes to guidance for audit committees to take forward its project to open up the audit market.

The Financial Reporting Council is concerned by the dominance of the Big Four, and has proposed a series of changes to the way in which the market operates.

See full Article.