Audit and Corporate Governance
(asked on 5th February 2026) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, whether he plans to bring forwards an alternative to the Audit Reform and Corporate Governance Bill.
Answered by
Blair McDougall
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 12th February 2026
The UK is a world leader in audit quality and corporate governance. We will bolster this further by launching a consultation to modernise, simplify and streamline the UK's corporate reporting framework, with the ambition to make the UK's reporting regime the most proportionate in the world. We also intend to legislate to put the Financial Reporting Council on a proper statutory footing when parliamentary time allows.