Tag: ICAEW
UK government backtracks on audit reform
Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.
Banks must pay ‘close attention’ to ESG
Regulators have expressed concern about sustainability linked loans and ‘greenwashing’, a recent panel discussion revealed.
Business relays UK Corporate Governance Code concerns
Responses to the FRC’s consultation on its proposals highlight practical concerns about implementation and compliance.
News round-up: this week in governance
High CEO pay is a ‘reputational risk’; IoD says ‘set your own agenda’; call for lawyers in boardrooms; gender-diverse boards report promptly.
Further delay for audit reform
Long-awaited legislation to create a new audit and governance watchdog may not see light until after the election, says news report.
Corporate governance code review boosts internal controls
UK watchdog’s proposals include giving audit committees greater reporting responsibilities and addressing ‘overboarding’.
Watchdog urges asset managers to quiz the audit committee
Auditco chairs will have their work cut out if the role increases to become more ‘outward facing’ and encompass investor relations.
News round-up: this week in governance
Defence firms and ESG funds; tough talk on audit reform; more black women on US boards; ‘anti-woke’ Ramaswamy to run for office.
ESG grows in importance as driver of M&As
One in 10 mergers and acquisitions now has an ESG component, according to estimates by Bain & Co consultancy.
Audit reform in the UK risks ‘losing momentum’
The Financial Reporting Council still awaits the proposed new statutory powers that would allow it to enforce substantive change.