On 25 March 2011 the FSA published a policy statement on the auditors’ client assets report, reporting on the feedback the FSA received to its September 2010 consultation paper on improving the quality and consistency of auditors’ reports on client assets. The FSA has decided to proceed with all of its proposals, although it has extended the transitional period before the rules come into full effect to 29 September 2011. Auditors’ client assets reports with a period ending 30 September 2011 and onwards will have to comply with the new rules.