BCC says improvements to audit industry are a positive step

19th March 2021

Commenting on the Government’s overhaul of the UK’s audit regime, Suren Thiru, Head of Economics at the BCC, said:

“The focus on making improvements to the audit industry is a positive step, particularly with the issues raised after a number of high-profile company collapses. However, government and regulators must tread carefully to avoid unintended consequences, including adding to the already onerous cost burden on firms and undermining the UK’s global reputation as great place to do business.”