Blog
Any benefits of the new ‘concierge service’ for high-growth businesses would be completely outweighed by the earned settlement proposals
Tim Richards
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.
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.
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.
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.
