Regulation

Audit regulator doubles lawyer staff in bid to ‘speed up’ City investigations

Legal staff jump from 15 to 27 as the regulator looks to a beefed up future

The growth in the FRC's legal bench comes amid its transition to a new regulator: the Audit, Reporting and Governance Authority
The growth in the FRC's legal bench comes amid its transition to a new regulator: the Audit, Reporting and Governance Authority Photo: Jason Alden/Getty Images

The UK's audit regulator has nearly doubled the number of lawyers it employs over the past four years as it fights challenges to stop a number of crises that have gripped the sector in recent years.

As at 31 December 2017, the Financial Reporting Council employed 15 staff who had "lawyer" as part of their job title, according to data obtained by Financial News via a freedom of information request.

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