Tag: audit committee

Corporate disclosures and investor relations ‘impaired by Covid-19’
A recent event hosted by Mazars brought together audit committee chairs and investors to explore their experience of coping with the impact of Covid-19.

Relationship audit: how to maximise the benefits of your AIM auditors
Twenty-five years after the AIM was launched, building a constructive relationship with your auditors remains a vital component for success.

Audit committees ‘need a makeover’ to help fix audit
Academics warn that committees require corporate governance expertise, greater independence and sufficient time if they are to ensure high-quality audit.

Audit committees: increased scrutiny is the only certainty
A number of recent reviews have concluded that greater scrutiny of the audit process is necessary, after a series of high-profile corporate failures. But what shape will any legislation take? And how will changes to the role of the audit committee affect the board as a whole?

Audit committees face public reprimand as part of market reforms
The Competition and Markets Authority says regulators should punish audit committees, impose joint audits and force an “operational separation” of auditors from other parts of their firms .

Legal & Regulatory roundup
Legal and regulatory news from around globe, including the new UK stewardship code, clarification of Singapore M&A rules, new EU regulations for the gig economy and Facebook’s appeal against German data ruling.

New guidance pulls non-execs into ‘going concern’ debate
Recent corporate collapses such as BHS and Carillion have put “going concern” statements in the spotlight. New guidance will make non-executive directors—especially those on the audit committee—part of the assessment.

A healthy balance for parent banks
Boards of banks face an increasingly broad array of responsibilities when managing foreign subsidiaries, ensuring the parent company has control and oversight without sacrificing independence or creating a culture of complacency.

‘Communication gap’ found between audit committee chairs and auditors
Audit committee chairs must push for more audit materiality information; auditors must be more transparent; and investors must understand the process better, says the Financial Reporting Council.

SEC approves enhanced auditor reporting and communication
The US markets regulator approves new standards, which will see auditors reveal their tenure with an organisation and more detail in their audit report.