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Corporate governance and audit reform – watered down or pragmatic?

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Jim Oulton and Tim Shepherd are partners in the litigation and dispute resolution department of Mayer Brown International where they specialise in professional liability and professional regulatory disputesThe government's plan to overhaul corporate governance and audit in the UK has its roots in corporate collapses including Carillion, Thomas Cook and BHS, and much-publicised criticism of the effectiveness of the audit process in preventing fraud and corporate collapse.A key...

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