FILE PHOTO: Junior Brexit minister Kwasi Kwarteng is seen outside Downing Street in London, Britain March 22, 2019. The business ministry had no immediate comment. We think this is a good thing and I would expect it to have teeth, but I dont expect it to be a wholesale transplant from the U.S., said Michael Izza, chief executive of ICAEW, an accounting body. Legislation is needed to implement some of the key recommendations, but parliamentary time has been clogged by Brexit and COVID-19 for the past two years or more. Three government-backed reviews of the audit market set out 150 recommendations to boost competition in audit and strengthen supervision of accountants to improve standards by setting up a more powerful regulator, the Audit, Reporting and Governance Authority or ARGA.
The council wants 100% of the conducted review to be answered.
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