Tag: ARGA

News round-up: this week in governance
Lessons from Davos; companies risk sliding back on ethical practices; economics affects everyone; Sir John Kingman moves to Barclays.

Audit reform in the UK risks ‘losing momentum’
The Financial Reporting Council still awaits the proposed new statutory powers that would allow it to enforce substantive change.

Why we need audit reform right now
There is an “urgent need” for reform to the audit landscape as well as internal audit, the Chartered IIA argues.

News round-up: this week in governance
Musk ‘slept on factory floor’; Tyson Foods CFO arrested; FRC public interest entity definition grows; Japan urged to boost women on boards.

FRC unveils new audit committee standards
Watchdog’s guidance to audit committees aims at expanding choice and addressing competition within the audit market.

Auditors press for internal controls law
More than four years after the collapse of Carillion which sparked a call for ‘urgent’ audit reform, the wait continues.

Governance code reforms will ramp up internal controls
Watchdog ‘lays groundwork for the creation of ARGA’ with planned consultation on audit committee ‘minimum standards’.

Government publishes response to audit reform proposals
While directors will face sanctions for inadequate company reporting and audit committee duties, other key reforms have been watered down.

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.