ARAG members call the attorney they choose to work with or make an appointment to meet in person. Meet with the Attorney Network Attorneys offer ARAG members legal guidance and consultation, document review and preparation and representation. Attorney fees for most covered legal matters are 100% paid-in-full when you work with a Network Attorney.
Full Answer
What is Arga and what does it mean for You?
What is ARGA? Brydon makes recommendations for stronger audit regulator One day after the release of the Brydon report on 18 December, The Queen’s Speech referenced the government’s proposal to create a stronger regulator – ARGA.
Should Arga be the regulator of auditing?
He says that ARGA should facilitate the establishment of this new profession, and should be the regulator of it. Brydon’s report states: “Auditing is too important to be left to an adjunct of another profession: it should be an independent profession in its own right, with its own governing principles, qualifications and standards.
How do ARAG members work with attorneys?
ARAG members call the attorney they choose to work with or make an appointment to meet in person. Network Attorneys offer ARAG members legal guidance and consultation, document review and preparation and representation.
Who is behind ARAG?
Heinrich Faßbender, the grandfather of Dr. Dr. h. c. Paul-Otto Faßbender, our present Chairman and CEO, founded ARAG in Düsseldorf/Germany in 1935, and the organization has been in family hands ever since.
ARAG Essentials
What makes ARAG so special? Learn more about our corporate principles and our new ARAG Essentials Online Tool!
Annual Press Conference
Informative materials on the presentation of the Consolidated Financial Statements at a glance.
What sets the ARAG apart?
Heinrich Faßbender, the grandfather of Dr. Dr. h. c. Paul-Otto Faßbender, our present Chairman and CEO, founded ARAG in Düsseldorf/Germany in 1935, and the organization has been in family hands ever since.
Brydon’s Arga Recommendations
- The third and final review, a 138-page report authored by Sir Donald Brydon, was released a day prior to The Queen’s Speech, a year-to-the day after the release of the Kingman review, and put forward 68 recommendations to improve the audit industry in the UK. The report was put together using 120 submissions and several face-to-face stakeholder mee...
Public Interest Function
- It is clear from Brydon’s report that he sees the creation of ARGA as an opportunity to hit the refresh button on audit. By establishing it as a new profession, with its own governing body, the definition of audit and the key responsibilities of an auditor can be officially clarified. He writes that audit lacks a clear purpose, and that a new definition of this purpose should be adopted an…
Philosophical Approach
- Throughout the report Brydon has taken an almost philosophical approach to his considerations, and how he sees audit in society. He often supports his recommendations with quotes, and opens his introduction with the following from Karthik Ramanna’s Building a culture of challenge in audit firms, an independent report commissioned by PwC: “I know of no better system than market ca…
A Look to The Future
- While the government has said that plans for ARGA to become the new audit regulatory body, whether they will proceed with other recommendations from Brydon’s report remains to be seen – the key one being the separation of audit from the wider accountancy profession. As reported by Accountancy Age, public reactions from figures in the industrywere largely positive towards the …
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