UK Regulator To Deepen Supervision Of Accounting Giants

Law360, London (April 8, 2021, 6:35 PM BST) -- Britain's accounting regulator has said it will widen its monitoring of major audit businesses and have a robust enforcement approach as it transitions into a new agency.

The Financial Reporting Council said on Thursday that it plans to look into the governance, systems and risk management at big firms as part of its efforts to build its forward-looking supervision. It will also identify priorities for each firm to improve its audit quality and hold them to account for ensuring that these are met, it said at the launch of its strategy for the 2021 fiscal year.  

The watchdog also wants...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!