3 December, 2019
Audit committees ‘need a makeover’ to help fix audit
The UK government may have placed audit reform on hold while it goes through the torture of a general election, but others continue to debate and call for improvements to audit committees. Not leas...
25 April, 2019
Audit committees: increased scrutiny is the only certainty
There is a very good chance that life is about to get much tougher for audit committee members. While in the past those serving on the board committees that supervise auditors may have undertaken thei...
18 April, 2019
Audit committees face public reprimand as part of market reforms
Audit committees should face public reprimand by regulators if they fail to provide adequate scrutiny of their auditors, according to recommendations from the UK’s competition authority. The prop...
5 March, 2019
New guidance pulls non-execs into ‘going concern’ debate
At the current rate, financial reporting watchdogs modify the rules about the much-discussed “going concern” statement every five to seven years. This week the
21 December, 2018
A healthy balance for parent banks
A wide range of post-crisis regulatory reforms has created a more complex governance framework for banks when it comes to managing their local subsidiaries. In the past decade, regulators have impl...
12 December, 2017
‘Communication gap’ found between audit committee chairs and auditors
A "communication gap" between audit committee chairs and auditors over the level of materiality applied during an audit is occurring in a significant number of companies, according to a thematic revie...
3 November, 2017
SEC approves enhanced auditor reporting and communication
The US markets regulator has approved new audit rules that will increase the level of information provided by auditors about the work they’ve undertaken. Communication of "critical audit matters"...
11 October, 2017
Corporates must get to grips with new accounting standards, says FRC
The implementation of critical and heavy-impact accounting standards by corporates will be a focus of attention for the financial watchdog in the coming year, alongside a need for better linking of st...
20 February, 2017
