ICAEW’s response highlights five steps it believes should be the focus for reform: 1) Set up ARGA quickly and focus its remit on improvement “Throughout its work, ARGA should emphasise its role as an improvement regulator,” says Iain Wright, ICAEW’s Managing Director, Reputation and Influence. ARGA should follow the BEIS Regulators’ Code in supporting those it regulates to work to improve quality and build capacity while remaining compliant. 2) Make directors more accountable for internal controls The government should bring into force a more robust UK regime for accountability over internal control,
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