Tag: Carillion
US passes clawback rules
Regulators have moved on clawbacks in Washington while the UK has them under review.
Years after Carillion’s collapse, the UK still waits for audit reform
Researchers say inquiry focused on apportioning blame to individuals, rather than investigating the regulatory system.
News round-up: this week in governance
Governance in Ukraine, FCA’s ‘constructive discussions’ with AJ Bell, final report on KPMG’s conduct, climate risk reporting in California.
Auditors press for internal controls law
More than four years after the collapse of Carillion which sparked a call for ‘urgent’ audit reform, the wait continues.
News round-up: this week in governance
Audit firms’ complaints about fines; Carillion directors’ fines revealed; is it time to abolish the UK governance code?
FCA publishes its decision notices on Carillion case
The Financial Conduct Authority censured Carillion plc (in liquidation) and imposed fines on three Carillion executive directors.
Regulator fines KPMG £14.4m
The Financial Reporting Council’s investigation into the Big Four firm’s auditing of Carillion and Regenersis revealed serious misconduct.
Governance code reforms will ramp up internal controls
Watchdog ‘lays groundwork for the creation of ARGA’ with planned consultation on audit committee ‘minimum standards’.
News round-up: this week in governance
Scrooge strikes again; BT faces takeover; NGOs call for sustainable governance; fallout from Carillion continues; Faber lands new role.
Audit committees face public reprimand as part of market reforms
The Competition and Markets Authority says regulators should punish audit committees, impose joint audits and force an “operational separation” of auditors from other parts of their firms .