There have been increasing concerns that the data held at Companies House is inaccurate and that its public availability is open to misuse. A recent consultation aims to resolve these issues.
On 5 May, the Department for Business, Energy and Industrial Strategy launched a major consultation on corporate transparency and regulatory reform and a panel session on this consultation formed part of the ICSA conference in July.
In recent years we have seen increasing disquiet about the lack of transparency in company ownership and the potential links between a lack of transparency and criminal activity. The debate has, like so many other political issues, become polarised; not just between those who believe in absolute transparency and those who believe in the right to privacy, but also between those who advocate particular solutions
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The future of corporate reporting is a subject attracting much debate and activity in recent years. A new report from the ICAEW captures the views of key stakeholders, and finds that technology is central to the discussion.