The FCA has published Final Guidance (FG13/3) on its Code of Practice for the relationship between external auditor and the supervisor after receiving feedback from interested parties.

The Final Guidance, published pursuant to general guidance under the Financial Services and Markets Act 2000 (FSMA), establishes five principles that seek to regulate the relationship between the two parties, covering:

* the auditor’s duty to report;
* sharing of information between the parties;
* maintaining an open, cooperative and constructive relationship;
* engagement in regular dialogue; and
* maintaining confidentiality in respect of shared information.

Copies of

<http://www.fca.org.uk/static/documents/finalised-guidance/fg13-03.pdf>

FG13/3; a

<http://www.fca.org.uk/static/documents/finalised-guidance/fg13-03-feedback.pdf>

summary of feedback received; and the related <http://www.fca.org.uk/news/fg13-03-code-of-practice-external-auditor-supervisor-relationship>

webpage are available.