No of Member Volunteers required
Up to 8
Timeframe and Commitment
20-24 hours during January -March 2021
The UK audit profession has been under scrutiny for the past few years, and the Government’s Department for Business, Energy and Industrial Strategy (BEIS) will soon be asking for feedback on some of the recommendations made in the three recent reviews into the audit sector: Sir John Kingman’s review of the regulator, the Competition & Markets Authority (CMA)’s review of the audit market and Sir Donald Brydon’s review into the quality and effectiveness of audit.
CFA UK aims to form a working group in readiness to respond to the BEIS proposals which are expected to be launched next month. CFA UK will look to respond on issues in the proposals that affect the investment profession rather than the entire set of questions in the consultation. The group may conclude that this is achieved by the means of a short covering letter or a covering letter with responses to a handful of the most pertinent questions for our members. BEIS consultations are typically open for a period of two to three months - this may allow time to design a survey for the CFA UK membership on the most relevant issues.
The purpose and activity of this working group is to:
Who are CFA UK looking for?
What will you get out of it?