Monday 28 Jul 2014 @ 12:20
Competition & Markets Authority
Printable version

CMA consults on draft order for audit changes

The CMA has published a draft order for consultation following the CC’s investigation into the supply of statutory audit services, which was published last year. 

When finalised, the order will put into force some of the changes required by the Competition Commission’s (CC’s) investigation; including that FTSE 350 companies must put their statutory audit engagement out to tender at least every 10 years, in addition to measures to strengthen the influence of the company’s Audit Committee over provision of audit services.

All information relating to the investigation will be available on the statutory audit case page.

Channel website: https://www.gov.uk/government/organisations/competition-and-markets-authority

Share this article

Latest News from
Competition & Markets Authority

CMA wins legal challenge against CAT on home search warrants

23/04/2024 12:20:00

The CMA has won an important legal challenge in the High Court after the CAT refused to grant it a domestic search warrant as part of a cartel investigation.

CMA outlines growing concerns in markets for AI Foundation Models

11/04/2024 16:25:00

The CMA has outlined 3 key risks to effective competition on AI Foundation Models and has set out plans for further action in the market.

CMA wins second legal challenge in Cérélia/Jus-Rol case

11/04/2024 13:10:00

The Court of Appeal has fully dismissed a legal challenge from Cérélia, and upheld the Competition Appeal Tribunal’s finding that the CMA was ‘rational and fair’ in its merger review.

Pharma deal could reduce choice and lead to higher prices for HRT treatments

04/04/2024 14:20:00

Following its Phase 1 investigation, the CMA has found that Theramex's proposed purchase of Femoston and Duphaston could reduce competition and choice for hormone replacement therapy treatments.

Spread betting deal raises competition concerns

04/04/2024 12:20:00

The deal seeks to combine the only 2 licensed sports spread betting operators in the UK market.

High fuel margins ‘concerning’ CMA finds

28/03/2024 16:15:00

The CMA’s latest monitoring report on road fuel shows that prices at the pump have risen since late January, accompanied by above average margins and spreads.

High fuel margins ‘concerning’ CMA finds

28/03/2024 12:20:00

The CMA’s latest monitoring report on road fuel shows that prices at the pump have risen since late January, accompanied by above average margins and spreads.

Green claims: CMA secures landmark changes from ASOS, Boohoo and Asda

27/03/2024 12:05:00

Following CMA action, millions of consumers can now expect to see accurate and clear green claims when shopping for fashion items with ASOS, Boohoo and George at Asda.

Vodafone / Three deal could leave consumers and businesses worse off

22/03/2024 16:20:00

The deal, which seeks to combine 2 of the 4 UK mobile network operators, could lead to higher prices for customers and affect investment in UK mobile networks.