BEIS consultation – CMA statutory audit remedies: PLSA response
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In 2018 and 2019, the CMA undertook an inquiry into the statutory audit market to consider whether it was working as well as it should be. The CMA proposed a series of remedies and BEIS then sought views from the industry on the proposals. Given the importance of high-quality audits to schemes as both investors and as users of information regarding the financial health of their sponsoring employers, the PLSA responded to the BEIS consultation.