Risk
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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.
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NEWS: D&O Insurance, 16 August, 2023
Call to curb ‘superstar’ CEOs with D&O insurance
US states need to legislate to stop executives from insuring their own directors in the way Elon Musk did, writes law professor.
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INSIGHT: Climate-related risk, 9 August, 2023
Could your board face climate litigation?
The trend for bringing lawsuits related to climate is growing, and directors need to stay on top of developments to avoid the courts.
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INSIGHT: Artificial intelligence, 4 August, 2023
What boards really need to know about AI
Artificial intelligence will affect organisations everywhere, and the greatest step forward for boards will be in terms of trust.
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INSIGHT: Risk management, 2 August, 2023
How to operate during economic uncertainty
Leveraging internal audit can help boards not only to identify and assess risks but to highlight opportunities in volatile times.
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NEWS: Climate risk reporting, 27 July, 2023
Companies struggle with climate risk reporting
There is a need for firms to make ‘clearer, more decision-useful disclosures’, says the Financial Reporting Council.