Tag: Financial Reporting Council
News round-up: this week in governance
OpenAI fires and rehires Sam Altman; is it OK for the Big Four to remain dominant?; Badenoch’s remit for the FRC; Scope 3 emissions.
Boards urged to retain ‘beneficial’ reporting elements
Although the government cancelled the requirement, resilience disclosures ‘cannot be wasted effort’, says senior auditco chair.
News round-up: this week in governance
Court of Appeal refuses to hear ClientEarth’s claim against Shell; FRC reports progress on transparency; women miss out on CEO chances.
How to embed an ethical culture
Business success depends on purpose—and therefore ethics—being the top item on any organisation’s board agenda.
Boards will need to make internal controls statement
Government legislative agenda sees FRC reduce governance code revisions, but declaration on controls survives the cull.
Big Four firm in late plea for audit reform
Further delay ‘will not achieve the aim of restoring trust in audit and corporate governance’, says Deloitte managing partner.
News round-up: this week in governance
BlackRock highlights gender diversity benefits; FRC publishes advice on ‘materiality mindsets’; WEF hears that growth takes many forms.
Ditching audit reforms will ‘diminish’ UK reputation for reporting
We will continue to argue for and support improvements to corporate reporting (and to audit quality and to audit oversight) in the UK, to ensure that the UK continues to be a world leader in this really important area.
Reversal on audit reform makes ‘little sense’
Investors react to the government’s U-turn on proposed measures prompted by the collapse of Carillion in 2018.
UK government backtracks on audit reform
Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.