Tag: FRC

Investors fear fully virtual annual general meetings
As the government considers allowing online-only AGMs, the ICGN warns of the risk to shareholder relations.

Post Office audits investigated by FRC
Regulator to examine four audits conducted by EY of Post Office accounts from 2015 to 2018 following Horizon scandal

Pressure renewed for audit reform bill
Internal audit body calls for government to push ahead with audit reform bill and resurrect resilience reporting.

News round-up: this week in governance
Impact of trade wars, slow progress on audit reform, EY fined over Thomas Cook audit; using AI in the boardroom; UK launches code of practice on cyber governance.

News round-up: this week in governance
Better Business Act campaign grows; sustainability warning to US; EY’s female leadership success; FRC reminder over ‘capital restructuring’.

News round-up: this week in governance
FRC support for Labour’s growth plan; executive pay steers away from ESG; EU’s non-financial reporting debate continues.

Lord Sikka: do not change cap on non-audit work
He says the ICAEW’s call to exclude ‘ESG audits’ from the cap will not serve the cause of ‘independent and effective audits’.

Big Four firms’ success threatens sustainability assurance choice
Clients’ preference for a Big Four firm may restrict the market and disadvantage challenger firms, finds the FRC.

Failure to reform audit could hit taxpayers’ pockets
When large firms go bust, ‘the British public pays the price’ in bailouts, job losses and disruption, warns professor.

News round-up: this week in governance
CEO activism and DEI policies; FRC backs ‘proportionality’ in corporate governance; concern over changes to US AGMs.