Defence firms and ESG funds; tough talk on audit reform; more black women on US boards; ‘anti-woke’ Ramaswamy to run for office.

Investment Association reveals the inadequacy of audit assessment in most FTSE 100 companies, with only 8% measuring up.

ICAEW asks Liz Truss to progress audit reform; FRC to leave London; reporting earnings per share correctly; ESG committees gain ground.

Accountancy body calls for prime minister to stick with the introduction of workers on boards.