Properties (57)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
report
|
| gptkbp:author |
gptkb:Sir_David_Brydon
|
| gptkbp:context |
post-Grenfell_inquiry
|
| gptkbp:focus |
audit reform
|
| gptkbp:goal |
restore public trust in audits
|
| https://www.w3.org/2000/01/rdf-schema#label |
Brydon Report
|
| gptkbp:impact |
influence_on_UK_corporate_governance
|
| gptkbp:language |
English
|
| gptkbp:publicationDate |
December 2019
|
| gptkbp:publishedBy |
gptkb:UK_Government
|
| gptkbp:recommendation |
enhance transparency
increased stakeholder engagement improve audit quality increased regulatory scrutiny address conflicts of interest establish a new audit regulator focus on long-term sustainability greater accountability for auditors audit committee reforms clarification of auditor roles greater emphasis on continuous improvement in audit practices development of a code of conduct for auditors development of a framework for audit innovation development of a national audit research agenda development of a national audit strategy development of a new audit framework development of a public register of auditors enhance corporate governance standards enhanced auditor reporting enhanced focus on fraud detection enhanced oversight of audit firms enhanced training for audit committee members enhanced use of technology in audits enhanced whistleblower protections greater emphasis on ethical standards improve access to audit information improve audit documentation standards improve audit methodologies improve auditor training improve communication between auditors and boards improve financial literacy among stakeholders increased emphasis on corporate culture in audits increased focus on risk assessment increased focus on stakeholder interests in audits increased public reporting on audit outcomes mandatory joint audits review of audit fees and pricing structures review of audit firm rotation policies review of audit market competition strengthen auditor independence enhanced collaboration between academia and practice in auditing. greater collaboration between auditors and regulators development of a framework for audit quality indicators improve stakeholder understanding of audit processes |
| gptkbp:relatedTo |
gptkb:Financial_Reporting_Council
gptkb:UK_Companies_Act |
| gptkbp:type |
government report
|