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KPMG Welcomes Endorsement of UK Governance Approach

KPMG Welcomes Endorsement of UK Governance Approach

by Toby Lucich on June 18, 2005

KPMG has welcomed draft recommendations from the Turnbull Review Group, chaired by Douglas Flint, that the UK should not adopt US-style disclosure requirements as a model for listed companies to follow.The firm said that not only are there concerns about the level of verification and associated costs surrounding public statements on the effectiveness of internal control systems, but such a compliance based approach could undermine the focus on risk management and the risk-based philosophy of the current guidance.

KPMG WELCOMES ENDORSEMENT OF UK GOVERNANCE APPROACH

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