Reporting on internal controls is a key feature of the scaled-down 2024 update, as is the principle of ‘comply or explain’.
Further delay ‘will not achieve the aim of restoring trust in audit and corporate governance’, says Deloitte managing partner.
Delays to audit reform prompt parliamentarians to push for its inclusion in government’s legislative agenda despite signs of it being postponed.
We will continue to argue for and support improvements to corporate reporting (and to audit quality and to audit oversight) in the UK, to ensure that the UK continues to be a world leader in this really important area.
Ongoing economic uncertainty has seen some companies struggle to provide useful financial data, the FRC finds.
BP CEO Bernard Looney steps down over work relationships; ACCA pushes for internal controls data; only 12% of fund managers are women.
Role of challenger audit firms and the opinion of investors underlined by new minimum standards.
Auditco chairs will have their work cut out if the role increases to become more ‘outward facing’ and encompass investor relations.
The Financial Reporting Council still awaits the proposed new statutory powers that would allow it to enforce substantive change.
Watchdog’s guidance to audit committees aims at expanding choice and addressing competition within the audit market.