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Audit regulator tightens rules with new register
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fnlondon.comThe Financial Reporting Council is set to gain greater control over auditors with a register that will determine who can audit the financial statements of large listed companies or financial institutions — so-called public-interest entities — and who cannot.
The country’s audit and accounting regulator is requiring audit firms and certain key individuals currently auditing these entities to apply to be included in a newly created index. If a firm or individual is found not to be “fit and proper,” they will not be admitted...
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