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Britain reviews powers of its accounting watchdog

Reuters  |  LONDON 

By Huw JonesLONDON (Reuters) - Britain has launched a "root and branch" review of its audit watchdog after corporate scandals raised questions about its ability to police how accountants check the books of companies.The independent review of the Financial Reporting Council (FRC) aims to bolster Britain's reputation for upholding corporate standards, seen as critical to maintaining the country's attractiveness for investment after it leaves the European Union next year.Business minister Greg Clark said the review will be chaired by John Kingman, a former top finance ministry official and now ...

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First Published: Tue, April 17 2018. 04:59 IST