2019

Letter to the Rt Hon Greg Clark MP

UKSA and ShareSoc have written to The Rt Hon Greg Clark MP on the appointment of auditors of public interest entities (PIEs)

You can read the letter by clicking here.

UKSA and ShareSoc submit to the FRC post-implementation feedback on the 2016 Ethical and Auditing standards

The FRC has asked for post-implementation feedback on the 2016 Ethical and Auditing standards. UKSA and ShareSoc recognise that these were introduced before the current concerns about auditing standards became evident.

This fact notwithstanding, we feel that the questions asked in the consultation could have been more searching in trying to reach a better understanding of the causes of the dismal failure that audit has come to represent.

Joint UKSA and ShareSoc submission to the BEIS Committee’s inquiry into the future of audit

In mid-January UKSA and ShareSoc submitted a joint response to the Business, Energy and Industrial Strategy Committee's inquiry into the future of audit.

The full submission can be found here.

Another strong year of policy pressure from UKSA

UKSA's extensive contributions to public consultations in 2018 are set out below:

January	Open letter to FT on Carillion – Are Profits Real?	FRC + media	Jointly signed by UKSA
February

Response to audit market Update Paper from the CMA

The UK Shareholders' Association and ShareSoc have made a joint submission to the Competition and Markets Authority (CMA) in response to the Update Paper relating to their audit market study. Our submission is available here: CMA Response to Update Paper - Final. The key points we made were:

1. The quality of audits needs to be improved;