Railpen's response to FRC Audit Committee Standards

A well-functioning audit market that supports high-quality audits and ensures a company’s accounts represent a true and fair view of its financial health is vital to investor decision-making. One of Railpen’s core thematic stewardship priorities is ‘audit quality’. This is particularly the case as a key determinant of the quality of a company’s audit is the Audit Committee’s ability to effectively plan, engage with and scrutinise the work of the external auditor.