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Press release

6 Jul 2020

EY comments on FRC principles for operational separation of audit practices

Hywel Ball, EY UK Chair comments: “The package of reforms being considered by the Government presents a significant opportunity for the UK to enhance the audit, corporate governance and corporate reporting ecosystem as a whole.

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Rosanna Lander

EY UK&I Head of Public Relations and External Affairs

Leads external communications activity for EY in the UK. Passionate about travel and culture.

Related topics Assurance Audit

Hywel Ball, EY UK Chair comments: “The package of reforms being considered by the Government presents a significant opportunity for the UK to enhance the audit, corporate governance and corporate reporting ecosystem as a whole. The right reforms, properly implemented, have the potential to restore trust and reinforce the UK’s status as one of the most attractive markets worldwide for companies, investors, employees, and others.

“We will continue to work with the FRC on its proposals for operational separation, but these proposals alone will not deliver all the changes needed. As part of the audit profession’s evolution, a holistic package of reforms, including improved director accountability and changes to the scope of audit, is required to deliver effective and sustainable change.”