Tag: EY
Auditor fined £1.8m for ‘misconduct’
The Financial Reporting Council has fined and reprimanded EY for work on its audit of tech company Tech Data.
Annual reports swell in size and content improves, but work to be done
Despite FTSE350 annual reports swelling by 25%, their content is better aligned to stakeholder requirements, and is more “joined up”, though disclosures need to focus on “actions and outcomes, rather than just processes”.
Global M&A deals holding firm, EY figures show
While values may be down slightly, the volume of global M&A deals is modestly up for the first half of 2017.
Deadline looms for implementation of new EU financial directives
EU member states have until 3 July to implement two new directives on financial instruments before they come into effect in January 2018, which will impact on firms and board members.
Research captures shift in purpose for global business
Research from EY reveals a shift in corporate culture and strategy, with two-thirds of board executives polled saying they are “profoundly rethinking” their company’s purpose.