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Comment Letter

BEIS Consultation on Restoring Trust in Audit and Corporate Governance

Thursday, July 8, 2021

In this comment letter, the CAQ provides views to the UK Department for Business, Energy & Industrial Strategy’s (BEIS) consultation, Restoring trust in audit and corporate governance: Consultation on the government’s proposals. The CAQ discusses how the United States enactment of Sarbanes-Oxley Act of 2002 (SOX) strengthened how all of the key stakeholders in the US financial reporting ecosystem – companies, regulators, corporate directors, and the audit profession – must work together constructively and continuously to produce high quality financial reporting. The CAQ is supportive of the Consultations presented measures that would enhance or establish requirements for all stakeholders in the financial reporting ecosystem, and we encourage the government and regulatory bodies to not lose sight of this key aspect of restoring trust in audit and corporate governance. Read the full comment letter here.

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