FRC Publishes Its Revised Standards for Investment Reporting
On 26 March 2020, the UK Financial Reporting Council (“FRC”) issued its revised Standards for Investment Reporting (the “SIRs”), which contain the standards and guidance that reporting accountants must follow when engaged in connection with UK-regulated investment circulars. This memorandum considers the new SIRs and how they may affect the engagement terms and the nature of the reporting by reporting accountants for a corporate finance transaction.
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