Which of the following statements is NOT true about the FRC's 2016 Audit Firm Governance Code? ?
A) It is required to be followed by any audit firm that audits a company listed on the main market of the London Stock Exchange.
B) It is intended to enhance trust and confidence in the value of audit amongst the public.
C) Its purpose is to promote transparency and confidence in the operations of audit firms.
D) The code enhances the disclosures that would be seen in an audit firm's transparency report.

Question

Quizplus · Accepted Answer

The FRC's 2016 Audit Firm Governance Code is not mandatory for all audit firms auditing companies listed on the main market of the London Stock Exchange; it is primarily aimed at the largest audit firms.

Which of the Following Statements Is NOT True About the FRC's