Tag: ICAEW
Covid-19: FRC urges companies to provide ‘more extensive disclosures’
The UK regulator says investors expect detailed reporting on the financial impact of Covid-19, while experts point to the risk of firms “burying bad news”.
UK dividends slashed by a ‘dizzying’ £22bn in Q2
The Covid-19 crisis saw dividend payments cut by 57% in the second quarter of this year, as many companies took action to protect balance sheets.
Brydon review: ‘true and fair’ must go while fraud becomes auditor responsibility
Other proposals include audit committee chairs being grilled at AGMs and a new statement of purpose to cement auditors’ public interest role.
Tale of Tesla’s Elon Musk is a ‘sadly familiar story’
Elon Musk, Tesla’s “chairman, product architect and CEO”, has recently the displayed classic traits of a dominant, idiosyncratic and controversial boss which, according to one commentator, is a sure sign of weak governance.
Deloitte investigated over SIG audit
The FRC is to investigate Deloitte’s audit of buildings and materials firm SIG, conducted in 2015 and 2016.
Audit industry to face fresh “root and branch” review by UK government
Central government is searching for a senior figure to undertake a review of the audit market and model.
Specialist pay consultants and their relationship with the Remco
While the debate over executive pay continues unabated, research sheds light on a largely overlooked element—the relationship between the remuneration committee and specialist pay consultants.
What’s next for corporate reporting: the technology question
The future of corporate reporting is a subject attracting much debate and activity in recent years. A new report from the ICAEW captures the views of key stakeholders, and finds that technology is central to the discussion.
Grant Thornton fined £2.3m over audit of firefighting company
Auditor sanctioned over lack of professional competence and failing to apply scepticism in audit of AssetCo.
Tax complexity is biggest compliance burden
Survey reveals complexity in European tax system is biggest compliance burden for companies, while there are significant doubts about impact of efforts to bear tax avoidance among multinationals.