Consultation outcome

Statutory audit services: initial consultation on the Competition and Markets Authority recommendations

• From: Department for Business, Energy & Industrial Strategy
• Published: 18 July 2019
• Last updated: 18 March 2021 — See all updates

This consultation has concluded

Download the full outcome

Market study on statutory audit services: summary of responses

PDF, 294 KB, 28 pages

Detail of outcome

We have published a summary of responses to this consultation alongside the March 2021 white paper, Restoring trust in audit and corporate governance.

The white paper contains the government’s response to this consultation, and sets out proposals to strengthen the UK’s framework for major companies and the way they are audited. If you want to comment on the proposals, the consultation closes on 8 July 2021.

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Original consultation

Summary

We're seeking views on the Competition and Market Authority’s (CMA) proposed reforms to the statutory audit market.

This consultation ran from
3pm on 18 July 2019 to 11:45pm on 13 September 2019

Consultation description

Following its review of the statutory audit market, the Competition and Markets Authority (CMA) published its final report on 18 April 2019.

This consultation seeks views on the CMA’s recommendations to improve audit quality, competition and resilience in the statutory audit services market.

Documents

Market study on statutory audit services: initial consultation on recommendations by the Competition and Markets Authority

PDF, 426 KB, 28 pages

Published 18 July 2019
Last updated 18 March 2021 + show all updates

1. 18 March 2021

   Summary of responses to this consultation published alongside the March 2021 white paper Restoring trust in audit and corporate governance.

2. 18 July 2019

   First published.