Tag: ARGA
Reform audit ‘payment model’, academic argues
Dirk Beerbaum writes the Wirecard scandal underlines the need to confront the ‘inherent’ conflicts of interest caused by companies paying the auditors who police their financial reporting.
News round-up: this week in governance
Investors support need for ESG policy; revised reporting standards; call for ARGA; US climate debate hots up; a big bath on earnings.
Business leaders call for election promises on audit reform
The Institute of Directors’ ‘Manifesto for Business’ also seeks change to section 172 to promote company purpose.
Regulator updates UK governance code
Reporting on internal controls is a key feature of the scaled-down 2024 update, as is the principle of ‘comply or explain’.
Why UK corporate governance needs tightening up
The LSE’s response to the government’s panicky U-turn on governance regulation is not helpful to NEDs and other stakeholders.
Boards urged to retain ‘beneficial’ reporting elements
Although the government cancelled the requirement, resilience disclosures ‘cannot be wasted effort’, says senior auditco chair.
Boards will need to make internal controls statement
Government legislative agenda sees FRC reduce governance code revisions, but declaration on controls survives the cull.
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.
Reversal on audit reform makes ‘little sense’
Investors react to the government’s U-turn on proposed measures prompted by the collapse of Carillion in 2018.
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.