Regulation
COMMENT: Cyber disclosure, 15 August, 2022
Are cyber disclosure demands too high?
Organisations increasingly struggle with cybersecurity as they balance fear of reputational damage against cyber disclosure requirements.
NEWS: Legal and regulatory, 3 August, 2022
FCA and FRC review TCFD disclosures by listed companies
Although firms had ‘risen to the challenge’ of reporting, many lacked specificity, metrics or an exploration of climate-related opportunities.
NEWS: Legal and regulatory, 2 August, 2022
Companies House sets out its stall for 2023
The Companies House Corporate Plan 2022-2023 outlines how the organisation intends to achieve the goals outlined in its 2020-2025 strategy.
NEWS: Legal and regulatory, 1 August, 2022
FRC publishes its annual enforcement review
The watchdog issued £46.5m in financial sanctions, with a recurring theme in investigations being a ‘lack of scepticism’ from auditors.
NEWS: Legal and regulatory, 30 July, 2022
FCA publishes its decision notices on Carillion case
The Financial Conduct Authority censured Carillion plc (in liquidation) and imposed fines on three Carillion executive directors.
NEWS: Regulation, 25 July, 2022
Regulator fines KPMG £14.4m
The Financial Reporting Council’s investigation into the Big Four firm’s auditing of Carillion and Regenersis revealed serious misconduct.
NEWS: Climate risk reporting, 25 July, 2022
Norges Bank backs mandatory US climate risk reporting
Heavyweight investor’s support boosts Securities and Exchange Commission’s controversial proposed US rules on board ESG disclosures.
NEWS: Ethics, 19 July, 2022
FRC launches probe into professional exams
Cheating overseas sparks investigation by the Financial Reporting Council into conduct of UK accountancy and audit exams.
NEWS: Climate risk reporting, 14 July, 2022
Business Roundtable takes aim at SEC climate risk reporting
Among its complaints, the Business Roundtable argues that no ‘safe harbor’ in the rules will increase the risk of corporate liability.
NEWS: Governance, 12 July, 2022
Governance code reforms will ramp up internal controls
Watchdog ‘lays groundwork for the creation of ARGA’ with planned consultation on audit committee ‘minimum standards’.