London-listed firms face tougher fraud rules as watchdog prepares clampdown

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City AM

By Charlie Conchie The bosses of London-listed firms are facing tougher scrutiny on fraud and financial reporting from 2025 after Britain’s corporate governance watchdog proposed a slew of reforms today. After a string of high-profile audit failures including retailer BHS and builder Carillion, the government ordered reviews that produced recommendations including stronger internal controls at companies to improve audit quality. The government rejected calls to introduce a version of the stringent US Sarbanes-Oxley law, which requires company directors to personally attest to the accuracy of f…

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