Today marks the deadline for submitting evidence to the Business, Energy and Industrial Strategy (BEIS) select committee’s inquiry into delivering audit reform – an important moment for those of us who want the government to urgently make good on its promise to deliver substantive reform.

The case for reform is clear. The last few years have seen a string of high-profile corporate collapses, many of which can be attributed to poor corporate governance and audit failures. But despite the thousands of jobs lost over the last few years, delivery of audit reform in the UK has, I am afraid, not been fast enough, particularly compared to other countries.