Collection

Audit and corporate governance reform

Publications and other material relating to the government’s commitment to reform the UK’s audit and corporate governance framework.

On 18 March 2021, the government published proposals for consultation on reforming the UK’s audit and corporate governance framework, in the white paper on ‘Restoring Trust in Audit and Corporate Governance’.

The white paper responded to the findings of 3 independent reviews commissioned by the government following the collapse of Carillion in January 2018.

In light of that consultation, the government published its final policy plans on 31 May 2022.

The government had previously undertaken initial consultations on 2 of those 3 independent reviews:

This collection contains those publications and related material. It also contains a factual overview of draft regulations that the government laid in Parliament on 19 July 2023. These regulations covered new corporate reporting requirements that were confirmed in the government response to the white paper.

The government withdrew these draft regulations on 16 October 2023. The press release ‘Burdensome legislation withdrawn in latest move to cut red tape for businesses’ explains why the legislation was withdrawn.

Documents

Updates to this page

Published 19 July 2023
Last updated 9 July 2024 + show all updates
  1. Reference to draft regulations amended as the government withdrew these on 16 October 2023.

  2. First published.