KPMG

15 February, 2021

KPMG appoints Bina Mehta as temporary chair

KPMG has appointed Bina Mehta to act as temporary chair after Bill Michael stepped down last week. ...
Empty boardroom table and chairs

5 February, 2021

Reforms impose new responsibilities on directors for financial reporting

Reforms set to be published next week will propose fines and bans for directors held responsible for failures in financial reporting. According to the Financial Times, BEIS (the Department...
Directors around a table featuring foreign language phrases

5 January, 2021

Foreign audit committee members linked to low-quality financial reporting

Much is made of recruiting board members from around the world. Non-executives from distant shores can add value and certainty provide knowledge of foreign markets. But do foreign directors add value ...
2020 in review stamp

23 December, 2020

Top stories of 2020: climate, coronavirus and stakeholder capitalism

This year has been one of the most disruptive, enraging, fear-inducing and thought-provoking years on record. The UK entered 2020 with a new government focused on implementing Brexit, yet by the sprin...
Steps leading to gold star

4 December, 2020

Evidence builds for introduction of new audit committee standards

Audit committees should brace themselves for significant change after a new report prompted the UK audit watchdog to suggest it provides support for the introduction of new audit standards. Accordi...
audit committee, high-quality audit

16 November, 2020

Audit fees increase when foreign investors become majority owners

While there is much attention on audit and whether it's working, there has been less focus on fees. Researchers investigating the cost of audit in Europe believe the price tag rises when foreign inves...
auditor

29 September, 2020

ICAEW report reveals a quarter of non-PIE audits require improvement

The majority of non-public interest entity (PIE) audits are good. But a quarter need either improvement or significant improvement. That’s the conclusion of a
Rio Tinto

11 September, 2020

Governance week: Rio Tinto, ESG, climate risk, Aussie audit

Fallout for Rio Tinto The equivalent of going nuclear in governance is clearing out a company’s leadership. This week investors managed to detonate a bomb under Rio Tinto when the chief ex...
PwC audit building, London

4 September, 2020

PwC loses top spot in the FTSE 100 audit rankings to KPMG

For those intrigued by the arcane world of audit a small earthquake has just occured. PwC, for some time the UK’s most significant auditor of FTSE 100 companies, has lost its top position. Resear...
financial disclosures during covid pandemic

28 August, 2020

Corporate disclosures and investor relations ‘impaired by Covid-19’

The Covid-19 pandemic and lockdown has posed many challenges for companies, but among the top concerns for audit committees has been corporate disclosures and the relationship with shareholders. Af...