Bloomberg Law
Oct. 21, 2016, 4:26 PM UTC

U.K. Regulator Looks to Enhance ‘Corporate Culture’

Bloomberg Law - Staff Reports

By David R. Jones, Bloomberg BNA

Auditors must seize the initiative in highlighting concerns about the companies they audit to boards of directors, the chief executive officer of the U.K. Financial Reporting Council told Bloomberg BNA Oct. 19.

Speaking on the sidelines of FRC’s 2016 open annual meeting in London, Stephen Haddrill said that “auditors should draw boards’ attention to risks” identified in audits as part of a broader effort to build a corporate culture that encourages public trust in companies and fosters ethical behavior.

The council sets accounting, auditing and actuarial standards for the U.K. and Ireland.

Examining Pension Liabilities

Haddrill also said in the interview that ...

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