Auditor signing an audit document

6 July, 2021

Audit reform consultation set to close as dissenting voices emerge

Consultation on the most sweeping proposals in recent years to confront auditors, the audit market and audit committees will close this week. The sector does not yet know what the outcome will be, ...
notebook on boardroom table

2 March, 2021

FRC: many firms ‘not transparent about their compliance with UK code’

Companies appear to be struggling with governance provisions aimed at managing stakeholder engagement and measures to limit the term of board chairs. The news comes in
Corporate report using AR and VR

1 March, 2021

Will your next annual report come with installation instructions?

The annual report has been a cornerstone of corporate communications for more than 200 years, but while the past two centuries have seen sustained evolution in communications technology, the annual re...
Stephen Haddrill, FRC

28 May, 2019

FRC reveals increased budget as it prepares for transition

The Financial Reporting Council (FRC) is set to increase its workload and budget, monitoring audits as well as compliance with the UK corporate governance code, before its transition to a new regulato...
FRC, audit

12 March, 2019

Government to push ahead with new audit and governance watchdog

The UK is set to get a new audit and financial reporting regulator. The government has announced that the current watchdog, the
financial reporting, audit, accounts, accounting, stakeholder engagement

5 March, 2019

New guidance pulls non-execs into ‘going concern’ debate

At the current rate, financial reporting watchdogs modify the rules about the much-discussed “going concern” statement every five to seven years. This week the
investors, stock markets, stewardship

30 January, 2019

New stewardship code shifts emphasis to disclosures and ‘outcomes’

If you thought only companies were required to be clear about their “purpose”, think again. This morning the UK’s governance regulator has given fair warning to asset managers that they too will...

24 December, 2018

2018: A year in governance

Senior officials at the Financial Reporting Council (FRC) may believe Scrooge has stepped off the pages of A Christmas Carol. In his recent oh-so-close-to-festivities report, Sir John Kingman...
Greg Clark

18 December, 2018

UK to replace governance watchdog with new regulator

The UK is to scrap the country's governance, financial reporting and audit watchdog—the Financial Reporting Council (FRC)— and replace it with a brand new regulator. The
gender diversity

14 November, 2018

Success for women in the boardroom, but not necessarily as chair or CEO

There’s good news, but also bad news. The good news is that the number of women on FTSE 100 boards has reached a major milestone. The bad news is that the same cannot be said of the number of female...