UK companies watchdog proposes tougher disclosures on internal controls

The government ordered reviews that produced recommendations including stronger internal controls at companies to improve audit quality. — Reuters

LONDON: Boards of listed companies face tougher hurdles from January 2025 to show investors they have effective safeguards against fraud to ensure accurate financial reports, Britain’s corporate governance watchdog is proposing.

Following collapses at retailer BHS and builder Carillion, the government ordered reviews that produced recommendations including stronger internal controls at companies to improve audit quality.