Lasting Powers of Attorney: recent key developments
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...
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.
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.
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.
Last week the SRA published guidance on its Transparency Rules which will come into force in early December 2018.
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