On 7 June BEIS published the Government's response to the Committee's report on the future of audit mentioned above. The Government's response to many of the recommendations is that they are currently, or will shortly be, consulting on the issues raised in the BEIS' future of audit report.

The Government's response also notes that it will consult on the recommendations of the CMA in their report.

The full response is available here. The press release is available here.

The Brydon review consultation is available here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.