Apr 25, 2022
Guidelines for Effective Audit Committees – Selection, Appointment and Reappointment of Auditors (Guidelines) issued by the Financial Reporting Council on 16 December 2021
“The Guidelines provide specific and practical guidelines for audit committees to establish a robust process for selecting, appointing and reappointing auditors, an essential first step in achieving audit quality. The publication highlights two key considerations for audit committees in selecting and appointing auditors: audit quality and audit fees.”
And include guidelines on:
Selection and appointment of auditors Reappointment of incumbent auditor Audit tender process Auditor resignation and removal Disclosures in the Corporate Governance Report
For more information, please click into the Report
Guidelines for Effective Audit Committees