KPMG comments on BEIS white paper on corporate governance and audit reform

“This is a once in a generation opportunity to reform the corporate regulatory landscape and positively redefine Britain’s role in a post Brexit world. The proposed reforms will demonstrate we are a fantastic country to invest in – safe, sustainable and trusted to deliver economic growth.

“It is an ambitious package of strategic reform. Prioritising and clarifying the audit reform agenda is an important step to rebuild trust in the profession. Establishing ARGA, with broader responsibilities, is key.

“The introduction of a resilience statement, including Environment, Social and Governance disclosures, is one of the most important innovations in meaningful corporate reporting in decades and is something the broader investor community will also welcome.”

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Notes to Editors:

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff.  The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020. KPMG is a global organisation of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.