Accounting & Finance

25 June 2020

Who is responsible for assessing privilege in FRC cases: an auditor under investigation or the client to which the privilege relates?

Following the Court of Appeal decision in Sports Direct International Plc and The Financial Reporting Council [2020] EWCA Civ 177 (which we discussed here), a recent High Court decision provides further guidance on legal professional privilege and its application in Financial Reporting Council (FRC) proceedings.

Julie Matheson

5 April 2020

Can anyone use the designation ‘Chartered Accountant’?

It may come as a surprise to learn that anyone can use the title accountant without having any formal qualification or membership of a professional body. The use of the term ‘Chartered Accountant’ is more controversial.  We examine the nuances of these designations in the current regulatory regime, when they can be used and what consequences an individual may face for any perceived misuse.

30 March 2020

FCA, FRC and PRA introduce welcome package of measures to help businesses and audit firms weather the COVID-19 storm

The Financial Reporting Council (FRC) announced on Thursday in a joint statement that it is taking a series of actions, along with the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), to ensure investor knowledge and the continued operation of the UK’s capital markets.

Charlotte Judd

23 March 2020

COVID-19 economic chaos – how can audit deadlines still be met?

We are living in unprecedented times.  Boris Johnson’s announcements each day, whilst aimed at slowing the growth of the global pandemic which is COVID-19 (Coronavirus), will undoubtedly have a drastic effect on businesses in all sectors.

Julie Matheson

12 February 2020

Less box ticking, more explaining – the FRC publishes its Annual Review Report

The FRC has published its Annual Review Report and with it comes the clear message that a ‘tick box’ approach is not the key to compliance with the Corporate Governance Codes.

Charlotte Judd

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