Tag: Audit Reporting and Governance Authority

Lord Sikka: do not change cap on non-audit work
He says the ICAEW’s call to exclude ‘ESG audits’ from the cap will not serve the cause of ‘independent and effective audits’.

‘Uncertainty’ remains over audit reform
The Institute of Directors foresees a move forward by the government, but whether this will follow previous proposals is unclear.

UK watchdog pushes for long-awaited audit reform bill
There is ‘broad spread stakeholder support’ for the core elements of reform, says the head of the Financial Reporting Council.

Government planning sanctions for audit and reporting failures
Company directors’ oversight failures will fall foul of the new audit, reporting and governance regulator, a Lords’ debate revealed.

Audit reform back on the government’s agenda
Today’s King’s Speech included a declaration that the UK would get a draft audit reform and corporate governance bill.

The UK needs an audit and corporate governance reform bill
Adopting proposals ditched by the previous government would foster growth and a transparent, trustworthy business ecosystem.

What will the new UK government do for governance?
Sir Keir Starmer has committed the Labour administration to ‘service’: by rights, that should include improving business ethics.

Reform audit ‘payment model’, academic argues
Dirk Beerbaum writes the Wirecard scandal underlines the need to confront the ‘inherent’ conflicts of interest caused by companies paying the auditors who police their financial reporting.

News round-up: this week in governance
Investors support need for ESG policy; revised reporting standards; call for ARGA; US climate debate hots up; a big bath on earnings.

Business leaders call for election promises on audit reform
The Institute of Directors’ ‘Manifesto for Business’ also seeks change to section 172 to promote company purpose.