From www.icaew.com: (UK context) ICAEW’s CEO, Alan Vallance, calls for immediate legislation on audit reforms to enhance corporate governance and stimulate economic growth, emphasizing that delays have harmed the UK’s attractiveness for investment.

Vallance outlines the need for equal director responsibilities, accurate identification of public interest entities, and a resilient audit market under the forthcoming Audit Reform and Corporate Governance Bill.

He asserts that robust legislation will foster trust, leading to increased investment and sustainable economic growth.