Energy suppliers should be required to have internal audit functions to limit the risk of a repeat of the wave of collapses that has cost UK households billions of pounds, Ofgem has been urged. Companies providing energy “are systemically important and need a robust audit and governance framework, in much the same way that we have for major financial providers”, the Chartered Institute of Internal Auditors wrote in a letter to the regulator. About 30 UK energy suppliers have collapsed … read more »
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