FRC, audit

12 March, 2019

Government to push ahead with new audit and governance watchdog

The UK is set to get a new audit and financial reporting regulator. The government has announced that the current watchdog, the
financial reporting, audit, accounts, accounting, stakeholder engagement

5 March, 2019

New guidance pulls non-execs into ‘going concern’ debate

At the current rate, financial reporting watchdogs modify the rules about the much-discussed “going concern” statement every five to seven years. This week the

24 December, 2018

2018: A year in governance

Senior officials at the Financial Reporting Council (FRC) may believe Scrooge has stepped off the pages of A Christmas Carol. In his recent oh-so-close-to-festivities report, Sir John Kingman...
City of London

21 December, 2018

Audit committees braced for new relationship with regulators

It’s been a huge week for audit and governance. Two reports, by the Competition and Markets Authori...
Greg Clark

18 December, 2018

UK to replace governance watchdog with new regulator

The UK is to scrap the country's governance, financial reporting and audit watchdog—the Financial Reporting Council (FRC)— and replace it with a brand new regulator. The
Big Four, Deloitte, KPMG, EY, PwC

15 October, 2018

How do you solve a problem like audit?

Can a problem like audit be solved? Others have tried before—and others are set to try again. There have been multiple, consistent concerns about the audit process, governance and even its ra...
audit, audit reform

11 October, 2018

Audit reform: which way now?

In 2016 Mervyn King, my South African countryman and colleague who is internationally renowned for his work in the sphere of corporate governance, asked me to write a book with him on th...
human rights, modern slavery, supply chains

22 September, 2018

Ten mistakes boards can avoid on human rights

1. Identify and understand the risks Boards often fail to identify and understand the serious risks to human rights such as exploitative work conditions relating to pay, contracts, safety, h...

19 September, 2018

Audit woes and reform wrangles

In July 2002 Lord Sharman, a former chairman of KPMG International, conceded in the pages of Accountancy Age, a trade publication for bean counters, that having a public sector body audit lis...