Tag: Audit committees
UK government backtracks on audit reform
Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.
Corporate governance code review boosts internal controls
UK watchdog’s proposals include giving audit committees greater reporting responsibilities and addressing ‘overboarding’.
Audit committees name ESG reporting as top agenda item
US audit committees are focused on sustainability reporting despite ESG becoming a point of friction in US politics.
FRC unveils new audit committee standards
Watchdog’s guidance to audit committees aims at expanding choice and addressing competition within the audit market.
OECD governance code review falls short of expectations
Commentators point out that efforts to bring the code up to date lack sufficient focus on stakeholders and sustainability.
Katie Murray to become chair of Phoenix board audit committee
The pensions savings and life insurance group appointed Murray, who had been serving as a NED, to assume the role in September.
Audit committees and ESG: 10 key observations
With ESG and climate risk concerns set to increase, the role of the audit committee is being watched closely by investors.
Audit committees and ESG: ‘It’s a difficult journey to navigate’
The rise of ESG as an investor concern is creating new demands of audit committees. A recent CACID event looked at the challenges.
Audit committee chairs ‘are confusing quality of audit and quality of service’
FRC report also warns that audit committee chairs have a “negative perception of joint audits”, despite this being a key reform proposal.
Audit committees ‘lose independence’ the longer they serve
Study finds committees in troubled firms have fewer female members, more outside directorships, greater shareholdings and longer tenures.