Tag: financial reporting
Audit reform changes will increase ‘pressure’ on boards
Implementing managed shared audit would put a burden on audit committees, a recent panel discussion concluded.
Financial watchdog highlights reporting issues
Ongoing economic uncertainty has seen some companies struggle to provide useful financial data, the FRC finds.
News round-up: this week in governance
Bluebell Capital targets BlackRock’s Fink; EY boasts of audit independence; firms ‘face higher audit costs’; when the CFO sounds like the CEO.
FRC unveils new audit committee standards
Watchdog’s guidance to audit committees aims at expanding choice and addressing competition within the audit market.
FRC publishes report on improving structured digital reporting
Companies are encouraged to take more ‘ownership and responsibility’ when adhering to the new rules on structured electronic reporting.
The long and winding road to financial reporting standards
Setting standards for sustainability reporting is complex. Can we learn from the past 150 years of setting financial reporting standards?
Companies cut emissions after earnings calls that mention climate
Research shows link between earnings calls that discuss climate and a subsequent reduction in the firm’s carbon emissions—and its stock price.
Jan du Plessis gives first insights into FRC governance and audit reform
The prospective FRC chair acknowledged that the watchdog’s own governance needs reform, and that audit scandals have damaged its reputation.
Financial reporting must show real impact—and costs—of ESG activities
To make ESG activities meaningful, IFRS and GAAP should feature data that is relevant to long-term corporate and societal value creation.
Audit white paper proposes new powers for regulator to sanction directors
Observers warn that proposals to increase the accountability of directors for audit and internal controls could deter candidates.