Tag: audit reform
New audit committee standards finalised
Role of challenger audit firms and the opinion of investors underlined by new minimum standards.
Resilience reports will involve ‘difficult decisions’
New government requirements mean boards will need to disclose planned responses to risks—leading to tough choices, a recent briefing heard.
Top companies fail to prove audit quality
Investment Association reveals the inadequacy of audit assessment in most FTSE 100 companies, with only 8% measuring up.
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.
Top stories of 2022: corporate governance gets political
This year saw economic crisis, an audit reform bill, and growing calls for corporate transparency—all against a backdrop of war in Ukraine.
UK boards face internal controls shake-up
The government’s reform proposals include seeking disclosures from many non-financial public interest entities.
News round-up: this week in governance
Bluebell Capital targets BlackRock’s Fink; EY boasts of audit independence; firms ‘face higher audit costs’; when the CFO sounds like the CEO.
News round-up: this week in governance
FRC awaits powers for audit reform; CEO transferable skills ‘myth’; Asos cuts CEO bonus; compliance can stifle innovation.
News round-up: this week in governance
Shared audit’s £1bn cost; failed UK energy firms had no internal audit; governance rules for all; is climate risk reporting an SEC matter?