Brexit, EU, Union Jack, flags

17 November, 2017

Watchdog to review reporting of Brexit risks

The UK's corporate reporting watchdog will be reviewing how Brexit affects the disclosure of "principal risks and uncertainties" in its next thematic reviews. The Financial Reporting Council (FRC) ...
UN SDGs, Sustainable Development Goals

14 November, 2017

Call for more corporate reporting on UN Sustainable Development Goals

The UK’s corporate governance watchdog should explore ways to increase transparency in corporate reporting of company contributions towards the UN’s Sustainable Development Goals (SDGs), according...

5 October, 2017

Investigation into PwC’s client asset reporting at Barclays closes

Accountancy’s watchdog has closed a three-year investigation into Barclays’ auditor PwC, after deciding there was “not a realistic prospect” of winning a tribunal. The Financial Reporting C...
boardroom, board, business meeting, stakeholder engagement

26 September, 2017

New guidelines launched for stakeholder engagement

A new set of guidelines designed to help boards assess the interests of stakeholders when making strategic decisions has been launched. Drafted by ICSA: The Governance Institute in partnership with...
Tesco, Tesco directors

4 September, 2017

Former Tesco directors to stand trial for fraud and false accounting

Three former Tesco directors are set to appear in court over fraud charges relating to the grocer’s accounting black hole. Carl Rogberg, Christopher Bush and John Scouler, formerly Tesco’s UK f...
FRC update, FRC's new website

31 August, 2017

FRC updates mission statement and website to improve transparency

The UK’s governance regulator has set out its mission as “promoting transparency and integrity in business”, as part of an update of its image. The Financial Reporting Council (FRC) has
Greg Clark, business secretary, governance reform

29 August, 2017

Governance reform expands reporting obligation of large UK firms

Large non-listed companies in the UK will have to report on how they take into account the interests of employees, shareholders and the environment in which they operate, in what will be the biggest ...
PwC, pricewaterhousecoopers

17 August, 2017

PwC hit by another £5m fine after admitting failures in RSM Tenon audit

A second £5m fine has hit Big Four accounting firm PwC in four months, issued by the Financial Reporting Council (FRC) over its role as auditor of collapsed fellow accountants RSM Tenon. PwC and s...
Financial Reporting Council, Paul George, FRC

16 August, 2017

More detail of long-term value created by UK companies proposed by FRC

Improved reporting of long-term planning and non-financial matters is being proposed by accounting’s watchdog, the Financial Reporting Council (FRC). A consultation has been launched by the FRC, ...
Tech Data, FRC

9 August, 2017

Ex-Tech Data finance director banned from accounting membership

The former finance director of Tech Data Limited has been banned from membership of his accountancy association for ten years and fined nearly £36,000 for his role in the preparation of his former em...