Tag: ARGA
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.
Labour commits to audit reform legislation
Shadow minister for business, Jonathan Reynolds, says Labour will push through audit reform when in office.
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.
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.
FRC publishes its draft three-year plan for 2023 to 2026
As the FRC looks to its transition to ARGA, it sets out its priorities, including standards, supervision, enforcement and corporate services.
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.