Consultation: Proposed amendments to Audit Enforcement Procedures

ACCA welcomes the opportunity to comment on The Audit Enforcement Procedure Consultation on Proposed Amendments to the procedure and related guidance (Consultation Document) issued by the Financial Reporting Council (FRC) on 3 April 2023.

We have endeavoured to provide a thoughtful and constructive response. In preparing our response, we have reviewed the Consultation Document and considered FRC’s Audit Enforcement Procedure (January 2022) (Current AEP) together with its Guidance for the Case Examiner (January 2022) (CEG) and Hearings Guidance (January 2022) (HG) (together Current Documentation). ACCA is conscious of the benefits of consultation and is grateful for the synopsis of the proposed amendments to the Current Documentation (Proposed Amendments), and the comparison documentation which enables a reader to easily identify the proposed changes.

To read the response in full, please download the consultation response document.