The Institute has responded to the Flint committee's proposed changes to the Turnbull Guidance. Our overwhelming response to the draft revised guidance was one of disappointment and the sense that an opportunity to move the United Kingdom back to the leading edge of corporate governance has been missed. We proposed that the Financial Reporting Council use the launch of the final revised guidance to encourage boards to take account of the changes that have been made to the guidance. We also proposed some amendments to the guidance to reflect the importance of objective assurance and the role that internal audit can play in enhancing the system of internal control.