Over the next few months, the Government will consider the many detailed recommendations and reforms that have been tabled by a series of recent reviews, namely the CMA review of the audit market, the Kingman review of the FRC and the Brydon review of the quality and effectiveness of the audit. Although the initial focus of these reviews was on audit reform, it has become clear that there are many recommendations that will impact a much broader spectrum of participants in the whole corporate governance environment, reporting and auditing system. This includes directors, audit committees members, as well as the regulator and other stakeholders. As a result, there are likely to be some significant changes and implementation challenges.
In a series of recorded discussions, blogs and papers, we give our perspectives on the recommendations, predictions for the future, and things you need to consider as we move towards reform.
In this recording, Andy Kemp is joined by Jon Holloway, PwC UK's Financial Services Audit Leader, to discuss managed shared audits. Jon talks about some of his personal experience in this area and explains what managed shared audits might mean for companies and audit committees.
In this recording Andy Kemp is joined by Hemione Hudson, PwC UK Head of Audit, to discuss how potential corporate governance and audit reforms might mean for directors/audit committees and the impact these could have on their responsibilities.
In this recording, Andy Kemp is joined by Gilly Lord - PwC UK Head of Audit Strategy & Public Policy, to discuss the concept of the audit and assurance policy and also the assurance map, which is a practical way to bring that policy to life.