Tag: Mike Suffield
News round-up: this week in governance
BP CEO Bernard Looney steps down over work relationships; ACCA pushes for internal controls data; only 12% of fund managers are women.
New audit committee standards finalised
Role of challenger audit firms and the opinion of investors underlined by new minimum standards.
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.
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.
FRC unveils new audit committee standards
Watchdog’s guidance to audit committees aims at expanding choice and addressing competition within the audit market.
‘Going concern’ regulation puts firms and auditors under the microscope
New standard ISA UK 570 requires auditors to challenge management’s assessment of going concern more robustly—and firms to be as transparent as possible amid current uncertainty.