Author: Judy Pink

FRC proposes update to the UK Corporate Governance Code to strengthen internal controls

The Financial Reporting Council has launched a public consultation on revisions to the UK Corporate Governance Code. This is the FRC’s contribution to the reforms outlined by the government in its response statement published last year to the 2021 White Paper on restoring trust in audit and corporate governance. The most significant proposed changes affect the section of the Code dealing with audit, risk and internal control.