Blog
Opening a new frontier… worker permit scheme
Ilda de Sousa
18 December 2019
Is the FRC considering whether Sarbanes-Oxley should cross the waters?
The general election is now over, and Parliament has more time to deal with matters other than Brexit. The spotlight has therefore returned to corporate governance, with The Sunday Times reporting that the FRC is developing a “British version of Sarbanes-Oxley”. It reported that this would “heap more responsibility on to directors, asking them to vouch regularly for the integrity of their financial controls and – if passed into law in the UK – opening the possibility of criminal proceedings against chief executives and finance directors for reporting misleading statements to the market.”
28 May 2019
New ICAEW sanctions guidance on criminal convictions, cautions and Anti-Money Laundering
From 1 April 2019, criminal conduct by ICAEW members will be dealt with according to the new version of the Guidance on Sanctions, which simplifies as well as amplifies the 2018 version.
Further changes will follow in July 2019, with the introduction of new guidance for Anti-Money Laundering breaches where the relevant conduct has not resulted in a criminal conviction.
1 April 2019
Think before you tweet – the perils of social media for the accountancy profession
Social media has introduced to professionals a global platform for promoting services to an ever-growing audience in order to network and reach out to new clients. It is increasingly a key focus of marketing strategy. Not only this but it is a space within which professionals can share and acquire knowledge.
20 February 2019
Changes to the SRA’s Reporting Obligation
On 7 February 2019 the SRA published its response to the August 2018 Reporting Concerns consultation. As a result of the consultation, the SRA has decided to update its reporting obligation so that it reads as follows...
21 December 2018
CMA and Kingman confirm sea-change for the audit sector
In November of this year we blogged on the Financial Reporting Council’s (‘FRC’) recently published report ‘Developments in Audit’ and highlighted that the FRC’s review was running in parallel with the Competition and Markets Authority (‘CMA’) review of the sector. As we reported, such extensive review has been triggered following the high-profile collapses of companies such as Carillion and BHS.