FRC appoints audit choice advisory group. By Dan Martin
The Financial Reporting Council (FRC) has appointed the members of a group who will identify and assess possible actions to mitigate the risks arising from the perceived lack of auditor choice for the UK's biggest companies.
The Market Participants Group (MPG) is comprised of four representatives from the entities being audited, four from firms providing audit services, and four from shareholders and other users of audit services.
FRC claimed members of the MPG are appointed as individuals, based on their knowledge of the preparation or use of audit reports and the auditor selection proces