UK corporate governance reform is delayed again – what does this mean for Heads of Internal Audit?

In May 2022, the UK Government published its proposals for corporate governance reform in Restoring Trust in Audit and Corporate Governance. Primary legislation is required to establish ARGA however, this was not included in the King’s Speech on 7 November 2023 and will not form part of the Government’s programme for the current parliamentary session. What does this mean for Heads of Internal Audits?