Tag: Financial Reporting Council
Banks must pay ‘close attention’ to ESG
Regulators have expressed concern about sustainability linked loans and ‘greenwashing’, a recent panel discussion revealed.
Record fine for KPMG over Carillion audit
In all, the auditing giant has now been fined £30m for its failures at Carillion, reduced to £21.5m for co-operation.
Financial watchdog highlights reporting issues
Ongoing economic uncertainty has seen some companies struggle to provide useful financial data, the FRC finds.
Business relays UK Corporate Governance Code concerns
Responses to the FRC’s consultation on its proposals highlight practical concerns about implementation and compliance.
Boards urged to establish an ethical culture
The Institute of Business Ethics is sending a clear message to the many FTSE 350 companies that lack an accessible ethics code.
Companies face challenges over ESG reporting requirements
Corporates with an international presence need to understand the incoming disclosure demands from regulators, a webinar panel agreed.
News round-up: this week in governance
BP CEO Bernard Looney steps down over work relationships; ACCA pushes for internal controls data; only 12% of fund managers are women.
IoD: Don’t make audit committees accountable for ESG reporting
The Institute of Directors says the FRC proposal on board governance means ‘lines of accountability will be blurred’.
Further delay for audit reform
Long-awaited legislation to create a new audit and governance watchdog may not see light until after the election, says news report.
Corporate disclosures improved after Covid-19
Although the pandemic devastated economies, companies got better at corporate reporting, researchers in New Zealand found.