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Audit industry welcomes long-awaited reforms tabled by UK government

UK Secretary of State for Business and Trade Jonathan Reynolds.
UK Secretary of State for Business and Trade Jonathan Reynolds. Photo: Alex McBride/Getty Images

Carmen Cracknell

1 min read
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The Audit Reform & Corporate Governance Bill is aimed at preventing large company failures.

The UK’s new Labour government has announced an Audit Reform & Corporate Governance Bill that will pave the way for a new accounting regulator to replace the Financial Reporting Council (FRC).

The Audit, Reporting & Governance Authority (ARGA) was announced in the King’s Speech, with the aim of strengthening audit

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