Times, 18 January, FRC unlikely to drop ‘naming and shaming’ in audit investigations

The Times feature highlights ShareSoc perspective on audit transparency

The Times reports on the Financial Reporting Council’s decision to maintain its policy of publicly naming companies and audit firms under investigation.

The article quotes ShareSoc Director Mark Northway, who said, “Audit investigations can take many years to complete. The existence of an investigation under way is hugely relevant to all users of published accounts, and to deny that information to the public until it is no longer relevant is to undermine confidence in the financial reporting process.”

As debate continues over reputational risk versus public trust, the piece highlights the importance of transparency in maintaining confidence in the UK’s financial reporting system.

Click here to read the article.