The joint publication by the ICAEW and Financial Reporting Council of a code of governance for listed company auditor has been received with a flurry of supportive statements from the firms concerned.
The new Audit Firm Governance Code will apply to accounting firms that audit more than 20 companies listed on the main London Stock Exchange. At the moment, this means eight firms: Baker Tilly; BDO; Deloitte; Ernst & Young; Grant Thornton; KPMG; PKF; and PwC.
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