BEIS white paper: insights on internal controls
What should PIEs be doing now to prepare for the proposed changes to governance, as outlined in the recent BEIS white paper?
As we approach reforms to corporate internal control frameworks for financial reporting, PIEs should act now to strengthen their control environments in preparation.
In this video, Matt Dalton explains the key issues for consideration and offers his four top tips for organisations to ensure they are ready for the changes ahead.
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Audit & Governance Reform
The release of the BEIS White Paper in March 2021 signalled a once in a generation opportunity to transform audit and strengthen corporate governance in the UK. A consultation followed and the themes were echoed in the transcript of the Queen’s Speech in May 2022. We now await a draft Bill, expected in 2023/4. There is widespread consensus that the audit sector is not reaching its potential, and...