Tag: FRC
Watchdog fines Carillion’s former finance directors
The Financial Reporting Council sanctioned Richard Adam and Zafar Khan, who ‘acted recklessly and failed to act with integrity’.
Internal controls failures see firms fined £1bn+
Organisations ‘are not getting the basics right’, according to research from the Chartered Institute of Internal Auditors.
Auditors warned they remain accountable despite use of AI
Watchdogs issue guidance on AI in the audit process but warn that auditors remains accountable for the quality of their work
FRC unveils details of audit regulation changes
The revised supervisory approach will see a reduction in the number of inspections carried out by the Financial Reporting Council.
Lords confront proposals on virtual-only AGMs
Some defended the ‘scrutiny’ that face-to-face AGMs present, seeing online-only meetings as a bid to beat the ‘awkward squad’.
News round-up: this week in governance
Unilever’s pay quandary; FRC on complying or explaining; Fortune Brands fires CEO before he starts; sound governance.
Lack of audit reform ‘will hit investor confidence’
Government’s failure to push ahead with audit reform is a risk to UK investments, the Governance Watch podcast heard.
UK watchdog highlights governance code ‘flexibility’
Boards should be confident when their best governance option means not complying with the code, according to the FRC.
News round-up: this week in governance
Shell boosts pay of CEO; tenure of CEO ‘more important’ than whether the role is combined with chair position; FRC investigates Vistry.
Watchdog works on special audit regime for Chinese listings
Financial Reporting Council opens a consultation on new audit measures aimed at attracting listings from Chinese companies.