Risk
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NEWS: Legal and regulatory, 8 November, 2023
Boards will need to make internal controls statement
Government legislative agenda sees FRC reduce governance code revisions, but declaration on controls survives the cull.
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COMMENT: Audit reform, 7 November, 2023
Audit reform is essential to restore faith in the UK
When it comes to understanding what attracts investors to a capital market, the London Stock Exchange has got it wrong.
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NEWS: Audit reform, 6 November, 2023
Big Four firm in late plea for audit reform
Further delay ‘will not achieve the aim of restoring trust in audit and corporate governance’, says Deloitte managing partner.
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NEWS: AI safety, 2 November, 2023
Bletchley forum calls on companies to play a part in AI safety
Artificial intelligence must be ‘governable’ and 'used for good', says a declaration from 28 countries represented at the AI Safety Summit.
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NEWS: Artificial intelligence, 25 October, 2023
CEOs ‘at risk’ without a specialist AI ethics adviser
Chief executives need advisers to 'ensure' they use artificial intelligence ethically, to avoid breaching privacy and reputational damage.
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NEWS: Audit reform, 18 October, 2023
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.
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ESG compliance, 13 October, 2023
Banks must pay ‘close attention’ to ESG
Regulators have expressed concern about sustainability linked loans and ‘greenwashing’, a recent panel discussion revealed.
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NEWS: Audit fines, 13 October, 2023
Record fine for KPMG over Carillion audit
In all, the auditing giant has now been fined £30m for its failures at Carillion, reduced to £21.5m for co-operation.
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NEWS: Mergers and acquisitions, 10 October, 2023
M&As are damaged by ‘ESG amnesia’ in the US
Researchers find ESG policies get conveniently forgotten when the stakes are high, citing the sale of Twitter as a case in point.
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INSIGHT: Crypto v cash, 9 October, 2023
Beware of cryptocurrencies
Cryptocurrencies promised a freer marketplace but bring unforeseen exposure to economic, technological and security concerns.
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NEWS: Financial reporting, 6 October, 2023
Financial watchdog highlights reporting issues
Ongoing economic uncertainty has seen some companies struggle to provide useful financial data, the FRC finds.
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NEWS: UK Corporate Governance Code, 5 October, 2023
Business relays UK Corporate Governance Code concerns
Responses to the FRC’s consultation on its proposals highlight practical concerns about implementation and compliance.
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INSIGHT: Cybersecurity, 3 October, 2023
Are you serious about cybersecurity?
Artificial intelligence chatbot hackers are just the latest in a long list of cyber threats, which are not going away any time soon.
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NEWS: Governance, 28 September, 2023
Review reveals leadership failure at PwC Australia
Investigation into confidentiality leak finds ‘excessive’ power at the top and says poor decisions added to initial wrongdoing.
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NEWS: Audit reform, 25 September, 2023
Labour commits to audit reform legislation
Shadow minister for business, Jonathan Reynolds, says Labour will push through audit reform when in office.
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NEWS: Risk management, 19 September, 2023
‘Fast-moving threats’ will soon challenge boards, warns CIIA
Resilience will be required to face a ‘poly-crisis’ of immediate and simultaneous risk issues, internal auditors believe.
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NEWS: Political risk, 18 September, 2023
US investors consider political risks at home
Vitriolic politics in the US now seen by some as a systemic risk akin to climate change, writes Harvard academic.
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NEWS: AGM trends, 12 September, 2023
Shareholder dissent focuses on pay
AGM season review reveals that remuneration is still the topic that attracts most shareholder opposition in Europe.
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NEWS: Audit reform, 1 September, 2023
Further delay for audit reform
Long-awaited legislation to create a new audit and governance watchdog may not see light until after the election, says news report.
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NEWS: Corporate reporting, 18 August, 2023
Corporate disclosures improved after Covid-19
Although the pandemic devastated economies, companies got better at corporate reporting, researchers in New Zealand found.