Tag: ARGA
Queen’s Speech fails to provide clarity on audit reform plans
While the creation of ARGA is confirmed, details about other proposed changes are scant and uncertainty over timing remains.
Jan du Plessis gives first insights into FRC governance and audit reform
The prospective FRC chair acknowledged that the watchdog’s own governance needs reform, and that audit scandals have damaged its reputation.
The regulator’s dilemma: finding a balance between trust and compliance
Organisations of all types can be divided on their mission, vision and strategy. A combination of compliance and stewardship is the solution.
Finance chiefs fear audit reforms will cause increase in costs
Research suggests implementing the government’s proposed internal controls reforms alone could cost between £10m and £20m per company.
New UK regulator should be freed to focus on audit
There are fears that the Audit, Reporting and Governance Authority (ARGA) will foster a formulaic and legalistic interpretation of the UK Corporate Governance Code.
Government to push ahead with new audit and governance watchdog
The government has launched a consultation on creating a new governance and audit watchdog with more powers, to replace the Financial Reporting Council (FRC).