Tag: FRC
News round-up: this week in governance
Breaking things vs fixing things; BlackRock and proxy voting; THG governance changes; warning over “tricky” TCFD scenarios.
FRC warns over climate disclosures ahead of COP26 summit
Regulator’s annual review of corporate reporting says it will be “closely revising how companies report against the new TCFD requirements”.
FRC chief’s comments spark debate over audit market cap
Discussions about the merits of an audit market share cap have intensified after remarks made by Sir Jon Thompson last week.
Campaigners urge FRC to name and shame failing audits
Transparency groups including Greenpeace UK say failing to disclose the audits involved “risks creating a general lack of confidence in all audit opinions”.
Audit reform consultation set to close as dissenting voices emerge
Lack of ownership reform and plans to extend the definition of “public interest entity” have drawn criticism from prominent figures.
FRC: many firms ‘not transparent about their compliance with UK code’
Issues identified include difficulties in describing how stakeholder interests are considered and failure to limit the tenure of board chairs.
Will your next annual report come with installation instructions?
The FRC has been considering what cutting-edge corporate reporting looks like—and it involves virtual and augmented reality.
FRC reveals increased budget as it prepares for transition
The Financial Reporting Council (FRC) has published its plans for the next year, which will see it focus on audit reform, diversity and corporate culture, as well as the transition to a new regulator.
Government to push ahead with new audit and governance watchdog
The government has launched a consultation on creating a new governance and audit watchdog with more powers, to replace the Financial Reporting Council (FRC).
New guidance pulls non-execs into ‘going concern’ debate
Recent corporate collapses such as BHS and Carillion have put “going concern” statements in the spotlight. New guidance will make non-executive directors—especially those on the audit committee—part of the assessment.