Today the Association of Investment Companies (AIC) welcomed the publication of the Financial Reporting Council’s Position Paper, “Restoring Trust in Audit and Corporate Governance” which sets out the next steps to reform the UK’s audit and corporate governance framework.
Guy Rainbird, Public Affairs Director of the Association of Investment Companies (AIC), said: “The FRC’s paper contains many important proposals from updating the UK Corporate Governance Code to developing guidance for audit committees on audit tendering.
“The FRC’s ambition to simplify and improve reports and accounts is especially welcome. Annual reports are the cornerstone of company reporting. Making these clearer, with information valued by shareholders, will help to build shareholders’ trust in auditing and corporate governance, thereby maintaining the integrity of markets.”
