UK FRC Announces Measures to Support Small Ops Growth

The UK’s Financial Reporting Council announces measures to make audits more “proportionate and efficient” for small and medium-sized enterprises, according to an emailed statement.

• FRC to publish new guidance to make auditing standards relative to the complexity and size of the business among other measures
• The audit market for SMEs is broadly functioning well, with strong competition and good availability of audit services, the FRC says

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Louise Moon

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