FT, 17 Nov 2021, Scaled back UK audit reforms attract investor anger

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ShareSoc has been mentioned in the Financial Times on 17/11/21.

The article focusses on how investors and audit groups have urged the UK government to rethink plans to scale back corporate governance and audit reforms, arguing that any watering down of the proposals would risk further corporate scandals.


Investor groups also expressed their alarm. In a joint letter last week to the FT, CFA UK, Corporate Reporting Users’ Forum, UK Shareholders’ Association and ShareSoc also criticised plans to dilute the proposed reforms.
“So why water down measures that would reduce the risk of fraud and misstatements? As usual, however, the UK seems likely to fall back on the corporate governance code, which the good follow and the bad neglect,” the letter said.