Government ‘kicking audit reforms into the long grass’

MPs have accused the government of dragging its feet over reforms to the audit market, with the Business, Energy and Industrial Strategy (BEIS) committee calling for faster action, warning of the risks of becoming bogged down in further consultations with three major reviews already in hand.

The committee says the government response to its recent Future of Audit report stated that it will be consulting on the Competition and Markets Authority (CMA) recommendations alongside those of the BEIS committee and those which will be forthcoming from the Brydon review. 

Read more at the Accountancy Daily.