Tag Archives: Audit

PRIVILEGE NO DEFENCE TO NOTICE REQUIRING PRODUCTION OF CLIENT’S PRIVILEGED DOCUMENTS TO REGULATOR

The High Court has held that an audit client could not withhold documents on grounds of privilege when responding to a notice requiring the production of documents in connection with an investigation into the auditor’s conduct: The Financial Reporting Council Ltd … Continue reading

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Filed under Announcements, Regulatory Reform, Sector Updates by Herbert Smith Freehills, UK Regulations

EU audit reform: the impact for insurers

Insurers and reinsurers need to prepare for changes to the audit regime applying from June 2016.  In particular, requirements for the mandatory rotation of auditors will need to be planned for.  Other changes to the current regime are substantial, including … Continue reading

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Filed under EU, Europe, European Regulation, France, Germany, Insurance, Italy, UK