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Governance in brief - January 2011

Governance in brief - February 2011

Summary

  • FRC sets out proposals to improve the effectiveness of company stewardship by boards and audit committees.
  • FRC to explore best practice by UK boards in determining and managing their level of risk.
  • New guidance for audit committees on the provision of non-audit services.
  • APB tightens the non-audit service regime.
  • BIS to publish policy proposals on the future of narrative reporting in time for the 2011 budget.
  • New clarified auditing standards impose more requirements on auditors.

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