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Well, who'd have predicted that (answer: pretty much everyone):

The #Tories look likely not to bring froward promised reforms in the regulation of the #audit sector & associated #corporategovernance rules;

apparently there is 'no political will' for reform, despite the shredded reputation of the UK Big Four (and some of the smaller auditors) after a string of scandals, mistakes & wilful deception here & abroad.

Of course, the #accountants will be claiming that voluntary measures are better.