Reporting on internal controls is a key feature of the scaled-down 2024 update, as is the principle of ‘comply or explain’.
Further delay ‘will not achieve the aim of restoring trust in audit and corporate governance’, says Deloitte managing partner.
Artificial intelligence must be ‘governable’ and ‘used for good’, says a declaration from 28 countries represented at the AI Safety Summit.
Ongoing economic uncertainty has seen some companies struggle to provide useful financial data, the FRC finds.
BP CEO Bernard Looney steps down over work relationships; ACCA pushes for internal controls data; only 12% of fund managers are women.
The International Sustainability Standards Board’s guidance is aimed at improving trust in climate-related disclosures.
Auditco chairs will have their work cut out if the role increases to become more ‘outward facing’ and encompass investor relations.
The Financial Reporting Council still awaits the proposed new statutory powers that would allow it to enforce substantive change.
Assurance is growing in importance, sparking the need for robust global standards on sustainability data, and a focus on transferable skills.
Watchdog’s guidance to audit committees aims at expanding choice and addressing competition within the audit market.