The high profile collapses of companies such as Carillion and BHS have reignited the debate about the effectiveness of statutory audit. In the FRC’s recently published report, Developments in Audit, the FRC grapples, not for the first time, with how to ensure that audit properly serves the public interest. Auditors can expect some pretty radical changes.
Leigh Day emerged victorious last week from its four-year battle with the Solicitors Regulation Authority (SRA) over whether it improperly pursued torture and murder claims against British troops in Iraq. It took a six-week hearing before the Solicitors Disciplinary Tribunal and a further six days in the High Court, not to mention in excess of £7 million of legal fees, for the London firm to clear its name.
The Gosport Independent Panel (the Panel) report published this year, which revealed “a disregard for human life and a culture of shortening the lives of a large number of patients” at Gosport War Memorial Hospital.
This week marks the first anniversary of the start of #metoo movement. The last 12 months have seen a seemingly unabaiting global conversation about the rising number of reports of sexual harassment, both inside and outside the workplace. Julie Norris and Charlotte Judd discuss sexual harassment in the workplace and firms’ regulatory obligations, calling for better #metoo related guidance from accounting regulators.