U.K. corporate governance and audit reform

The path to corporate governance and audit reform in the U.K. has been anything but smooth. The Draft Audit Reform and Corporate Governance Bill, initially omitted, has been reintroduced. Key changes include enhanced powers for the Financial Reporting Council (FRC) as it transitions into the Audit, Reporting, and Governance Authority (ARGA), aimed at improving oversight, accountability and transparency.

Organisations are advised to prepare for these changes as they will face stricter auditing and reporting standards. The FRC’s broader regulatory ambitions align with this renewed legislative push, reflecting an intensive regulatory environment.

Here's a snapshot of what you'll learn when you download our whitepaper:

• Understand the key elements of the Audit Reform and Corporate Governance Bill and its implications for U.K. corporate governance and audit practices.
• Identify the significant changes introduced in the 2024 U.K. Corporate Governance Code, focusing on director accountability, risk management, internal controls and board leadership.
• Explore how Diligent’s GRC platform can assist corporate leaders and GRC professionals in navigating these regulatory challenges.

Download the U.K. Corporate Governance and Audit Reform report today.