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Written question asked by Jonathan Djanogly (Conservative) on Monday, 5 June 2023, in the House of Commons. It was due for an answer on Wednesday, 7 June 2023. It was answered by Kevin Hollinrake (Conservative) on Tuesday, 13 June 2023 on behalf of the Department for Business and Trade.


Audit, Reporting and Governance Authority

Question

To ask the Secretary of State for Business and Trade, with reference to the Restoring trust in audit and corporate governance white paper published in March 2021, when the new Audit, Reporting and Governance Authority regulator will be established.

Answer

The Government Response to consultation on ‘Restoring Trust in Audit and Corporate Governance’ set out ambitious proposals to improve audit and corporate governance in the UK. Reform is already underway, and the Financial Reporting Council has made significant changes.

Some of the Government’s plans, including the creation of the Audit, Reporting and Governance Authority, require primary legislation. The Government will legislate when Parliamentary time allows.


Secondary information

Type
Written question
Reference
187601
Session
2022-23
Grouped for answer
Yes
Subjects
Regulation Audit, Reporting and Governance Authority
Link
View this Written question on www.parliament.uk