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Audit reforms set to be watered down after business backlash
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fnlondon.comPlans to toughen UK audit standards after a string of scandals are set to be watered down, according to reports, as the government rows back on bold reforms to the corporate governance regime.
Instead, business secretary Kwasi Kwarteng is set to ease new rules on companies, asking only companies listed on the main market of the London Stock Exchange to provide an internal control effectiveness statement each year.
The...
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