The Cadbury Report (1992)
In response to the grave concerns about the general sinking confidence in financial reporting auditing, and corporate governance, the Financial Reporting Council (FRO), the London Stock Exchange (LSE), and the Consultative Committee of Accountancy Bodies (CCAB) convened a committee to consider the financial aspects of corporate governance. The committee met under the chairmanship of Sir Adrian Cadbury. It met an May 1991 and was charged to consider:
the general sinking confidence in financial reporting auditing