Consultation outcome

The quality and effectiveness of audit: call for views

This consultation has concluded

Detail of outcome

Sir Donald Brydon’s independent review has published its final report, along with a list of recommendations and summaries of the advisory board minutes.

Feedback received

Brydon review responses: A-C

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Brydon review responses: D-H

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Brydon review responses: I-P

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Brydon review responses: Q-Z

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Detail of feedback received

We received 120 submissions from:

  • businesses
  • audit firms
  • shareholders
  • academia
  • professional bodies
  • professional advisers
  • other stakeholders
  • members of the public

We have published 118 responses in full. 2 responses from members of the public are not being published at their request.

Original consultation

Summary

The independent review by Sir Donald Brydon is seeking views on the quality and effectiveness of audit.

This consultation ran from
to

Consultation description

This call for views, launched by the Sir Donald Brydon Independent Review, invites views, information and evidence on, in particular:

  • the purpose of audit and for whom it should be carried out
  • whether its scope and purpose should be widened and strengthened to meet changing expectations of audit
  • how the quality of the audit process and product could be improved
  • whether audit findings could be better communicated
  • the role of audit within wider business assurance and in relation to directors’ legal responsibilities
  • the role of audit in detecting fraud
  • auditor liability

The call for views is aimed at anyone with a direct or indirect interest in the audit product in the UK, including:

  • shareholders and their representatives
  • other providers of finance to companies
  • audit firms
  • professional advisory bodies
  • business groups
  • academia and think tanks
  • employees and employee representatives
  • pension funds and their members
  • members of the public.

Documents

Published 10 April 2019
Last updated 18 December 2019 + show all updates
  1. Submissions to the review published in full, and a link to the final report added.

  2. First published.