NEWS RELEASE – TUESDAY 20 JANUARY 2026

Chartered IIA expresses deep disappointment at scrapping of Audit Reform Bill 

In response to the Government announcement today that it would no longer be proceeding with the Audit Reform Bill, Anne Kiem OBE, Chief Executive of the Chartered Institute of Internal Auditors said: 

“It is deeply disappointing that the Government has announced it will not be proceeding with the Audit Reform Bill that it promised it would deliver in the King’s Speech. We urge the Government to deliver good on its promise of putting the Financial Reporting Council on a legal footing with the powers to do its job effectively and to make this a priority.”

-ENDS-

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Notes to editors

About the Chartered Institute of Internal Auditors 

The Chartered IIA represents around 10,000 internal audit professionals in organisations spanning all sectors of the economy, across the UK and Ireland. It champions the contribution internal audit makes to good corporate governance, strong risk management and a rigorous control environment leading to the long-term success of organisations, including those in the public sector.