Tag: CMA
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.
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.
Big Four continue to dominate audit market
FRC review of audit market competition reveals 98% market share that ‘leaves little room for challengers to emerge’.
Labour commits to audit reform legislation
Shadow minister for business, Jonathan Reynolds, says Labour will push through audit reform when in office.
News round-up: this week in governance
ISS takes aim at Apple over CEO pay; State Street on human rights; £4.7m fine for JD Sports; investors’ “negative response” to interim CFOs.
Reforms impose new responsibilities on directors for financial reporting
Government recommendations on audit reform, set to be published next week, will hold directors responsible for failures in financial reporting.
Government to push ahead with new audit and governance watchdog
The government has launched a consultation on creating a new governance and audit watchdog with more powers, to replace the Financial Reporting Council (FRC).