In The News

UK Audit Reform Plan May Be Poisoned Chalice for Upstarts

Law360

18 Mar 2021

Gareth Rees spoke to Law360 about the UK government’s long-awaited audit reform plan, which goes beyond the auditing sector and gives the new regulator powers over corporate executives.

According to Gareth, the legislation could be watered down by the time it is introduced into Parliament as a bill.

“There will be a lot of push back in the consultation, with companies saying they do not need this amount of regulation, and that it would serve to make directors risk averse,” Gareth said. “Already it’s not as robust as Sarbanes-Oxley, and it certainly won’t end up being anything like that.”

Read the full article.

Close
Feedback

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.