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Response to BERR's consultation on UK implementation of the Directive on Statutory Audit (Policy Conclusions and Draft Regulations)


The Exchange has responded to BERR's consultation on UK implementation of the Directive on Statutory Audit (Directive 2006/43/EC).


Our response focuses on the provisions relating to audit committees and third country auditors, and we are broadly supportive of BERR's proposals. In particular we support implementation of the audit committee requirements via FSA Rules (with FRRP monitoring), and we look forward to commenting on these in due course.


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