In this Insights In Focus episode, we discuss the future of audit and corporate governance reform.

Back in May 2022, after years of reviews and consultations, the government announced its plans for reform. The key proposals included the area of a new audit regulator, a wider definition of public interest entities, and ensuring that FTSE 350 firms would not be wholly reliant on the largest audit firms.

However, nearly two years on, very little has changed. Corporate governance reform was quietly dropped by the government in October 2023, and audit reform was notably absent from the King’s Speech the following month. So, what happens now?

Host Philippa Lamb is joined by Iain Wright, ICAEW Managing Director of Reputation and Influence; Darren Jordan, Partner at Moore Kingston Smith; and Maria Kepa, EY Director in Corporate Governance.

Links 

• ICAEW Audit and Assurance hub: https://www.icaew.com/technical/audit-and-assurance 
• ICAEW - Working in the regulated area of audit: https://www.icaew.com/regulation/working-in-the-regulated-area-of-audit 

Host

Philippa Lamb

Guests

• Iain Wright, Managing Director, Reputation and Influence, ICAEW
• Darren Jordan, Partner, Moore Kingston Smith
•  Maria Kepa, Director, Corporate Governance, EY

Producer

Natalie Chisholm

Episode first published: 1 February 2024
Podcast recorded: 26 January 2024