Tag: Financial Reporting Council
News round-up: this week in governance
PwC fined over Babcock; EY split is on hold; Senate kills Biden ESG law; ChapGPT predicts M&As; directors who ‘overboard’.
News round-up: this week in governance
IoD objects to Arm Holdings’ special treatment; ESG pays its way—and is here to stay; Carbon Disclosure Project’s disappointing stats.
News round-up: this week in governance
Lessons from Davos; companies risk sliding back on ethical practices; economics affects everyone; Sir John Kingman moves to Barclays.
Audit reform in the UK risks ‘losing momentum’
The Financial Reporting Council still awaits the proposed new statutory powers that would allow it to enforce substantive change.
Retail’s ethical failures top the 2022 list
The retail sector gained more adverse press reports about ethics than any other, reveals research by the Institute of Business Ethics.
FRC publishes its draft three-year plan for 2023 to 2026
As the FRC looks to its transition to ARGA, it sets out its priorities, including standards, supervision, enforcement and corporate services.
FRC advises on what makes a good annual report and accounts
Key characteristics for a high quality annual report and accounts include accuracy, consistency and qualitatively/quantitively material data.
News round-up: this week in governance
FRC to pursue exam cheats; Porsche Volkswagen disagreement over Blume; FRC sets out stall for 2023 inspections; are you in ‘goblin mode’?
FRC announces areas of supervisory focus for 2023/24
For reporting reviews and audit inspections, the FRC will prioritise sectors considered to be at higher risk from economic pressures.
Call to reform ‘comply-or-explain’ element of governance
Academics propose that—if refined—the governance principle and the UK’s code will still be fit for purpose.