Headlines such as “Spain becomes cannabis hub as criminals fill tourism void” (The Guardian 9 October 2020) serve to remind us of the endemic demand for marijuana, the resultant profits to be made and enforcement agencies’ inability to control Europe’s illegal trade run by drug mafias. By contrast, Canada, on 17 October 2018 and following the example of Uruguay, elected to legalise adult personal possession, sharing and cultivation of recreational cannabis.
The regulatory focus on audit standards continues. The ICAEW has now published its Audit Monitoring Report 2020 , which summarises the findings from the audit monitoring visits of its Quality Assurance Department (“QAD”) in 2019. What does the Report tell us about audit standards, and does it offer any assistance for firms seeking to improve the quality of their audits?
There is no buzzword in the legal sector right now louder than ‘Innovation’. The disruption caused by COVID has rapidly accelerated both the appetite and timescale for technological progress in the sector. It has created the urgency for change which is so often required before people to move out of their comfort zone, in particular lawyers.
After months of many solicitors working from home, it's easy to get comfortable. But with complacency comes the risk of non-compliance with your regulatory obligations. Jessica Clay provides a refresher on your duties, the risks involved in remote working, and how you can stay compliant.
As per their annual report for 2018/19, the CQC issued 564 Notices of Proposal to Cancel Registration for the relevant period. This was 119 (26.7%) more than the previous year. We address what you can do in these circumstances, and also where an application for registration is turned down by the regulator.