Deloitte’s responses to recent policy and regulatory consultations
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Deloitte’s response to the Chartered Institute of Internal Auditors (IIA) consultation on effective internal audit in the financial services sector Recognising the importance of effective internal audit in financial services, an IIA committee was established to create new guidance for the UK financial sector. |
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Deloitte’s response to the FRC’s consultation on proposed revisions to ISA (UK and Ireland) 610 The Financial Reporting Council (FRC) recently confirmed it would adopt the proposed international improvements to the auditing standards re. external auditor use of the work of internal audit; but consulted first on the timing of implementation. |
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Deloitte’s response to the FRC’s consultation on its draft plan and budget The Financial Reporting Council (FRC) issued its draft plan and budget for 2013/2014 in January 2013; consulting on its strategic priorities and funding to pursue its mission of promoting high quality corporate governance and reporting to foster investment. |
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Deloitte’s response to the FRC’s consultation on the Auditor Regulatory Sanctions Procedure (Procedure) The Financial Reporting Council (FRC) consulted on its proposed auditor regulatory sanctions procedure. |
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Deloitte's response to BIS' future of narrative reporting consultation The consultation sought views on Government plans to make narrative reporting simpler, clearer and more focussed. Deloitte continues to support the proposal to introduce a strategic report that would encourage preparers to focus on what is really important. This would play a vital role in enhancing transparency, investor communication and overall confidence in a company. |
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Deloitte’s response to APB’s proposed revisions to ISAs The Auditing Practices Board (APB) of the Financial Reporting Council (FRC) consulted on its proposed revisions to International Standards on Auditing (ISAs), to implement the recommendations in the FRC feedback paper ‘Effective Company Stewardship – Next Steps’ from September 2011. |
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Deloitte’s response to APB’s proposed revisions to ISAs (UK and Ireland) 315 and 610 The Auditing Practices Board (APB) of the Financial Reporting Council (FRC) consulted on its proposed revisions to International Standards on Auditing (ISAs) (UK and Ireland) 315 (Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment) and 610 (Using the Work of Internal Auditors. |
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