FSA issues consultation paper
The Financial Services Authority has issued a consultation paper outlining proposals to remove the s...
The Financial Services Authority has issued a consultation paper outlining proposals to remove the statutory audit requirements under the Companies Act for small firms and Appointed Representatives (ARs). The application has been backed by the Department of Trade and Industry and, if introduced, it is estimated that the initiative will save 3,200 small firms and 1,490 ARs £12.9m each year.
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