Tag: audit reform
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.
Audit committee chairs ‘are confusing quality of audit and quality of service’
FRC report also warns that audit committee chairs have a “negative perception of joint audits”, despite this being a key reform proposal.
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.
News round-up: this week in governance
Jon Moulton defends UK audit; Colin Mayer on business schools; more women on S&P 500 boards; FRC looks ahead; and how ethical are you?
Sir Donald Brydon on audit reform, career NEDs and board relationships
While bemoaning the “glacial” pace of audit reform, he hails the pandemic’s transformation of communication between boards and employees.
News round-up: this week in governance
Shell to shift its HQ; audit reforms continue to cause controversy; Korea introduces gender quota; and stock exchanges make net zero pledges.
FRC chief’s comments spark debate over audit market cap
Discussions about the merits of an audit market share cap have intensified after remarks made by Sir Jon Thompson last week.
Campaigners urge FRC to name and shame failing audits
Transparency groups including Greenpeace UK say failing to disclose the audits involved “risks creating a general lack of confidence in all audit opinions”.
How resilience reporting could help firms meet future challenges
Boards face a formidable piece of new work as the government pushes forward with reforms to corporate reporting.
Audit committees ‘lose independence’ the longer they serve
Study finds committees in troubled firms have fewer female members, more outside directorships, greater shareholdings and longer tenures.