Brit Audit Cops Want Firms to Snitch if Private Equity is Sniffing Around
Going Concern
SEPTEMBER 30, 2024
UK audit cops at the Financial Reporting Council (FRC) have told firms they’re expected to rat themselves out if the firm is in discussions with private equity about handing over ownership, reported FT. “The FRC is not in principle against a greater participation of external private capital in the UK audit market.”
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