Corporate governance

Audit | Audit reform to go ahead, confirms Queen’s Speech

The government has pledged to go ahead with reform to the audit market with plans to release a draft bill covering a raft of reforms including managed shared audit outlined in the Queen's Speech

10 May 2022

Corporate governance

Audit | Moore Kingston Smith to audit Mattioli Woods

AIM listed Mattioli Woods plc, the specialist wealth and asset management business, has appointed Moore Kingston Smith LLP as group auditor for the financial year ending 31 May 2022

6 May 2022

Corporate governance

Audit | Audit evidence and ISA compliance during Ukraine crisis

As the war in Ukraine continues, Helen MacNeill FCA looks at areas of concern for auditors to consider from impairment of assets to changing forecasts and going concern

4 May 2022

Corporate governance

Audit | Gupta owned steel businesses face audit probe

The Financial Reporting Council (FRC) has opened an investigation into the audits of four companies in the GFG Alliance group by King & King

4 May 2022

Corporate governance

Corporate reporting

Audit | EY faces £2bn legal claim over NMC Health audit work

Big Four firm EY is facing a $2.5bn (£2bn) lawsuit over its audit of failed healthcare company NMC Health, which ran hospitals and clinics in the UAE

4 May 2022

Corporate governance

Audit | Audit reform delay likely as excluded from Queen’s Speech

With the Queen’s Speech scheduled for 10 May, it looks unlikely that plans for audit reform will be included in the government's legislation plans

29 Apr 2022

Corporate governance

Audit | FRC changes publication policy on audit enforcement

The Financial Reporting Council (FRC) has made changes to its publication policies for the Audit Enforcement Procedure (AEP) and the Accountancy and Actuarial Schemes

27 Apr 2022

Corporate governance

Audit | Audit Wales plans office review as budget increases

Audit Wales has confirmed an increase in funding to £23.7m for the next 12 months while it reviews its three offices as hybrid working affects demand for space

19 Apr 2022

Corporate governance

Practice & Industry

Audit | Regulator plans tougher oversight of audit firms

The Financial Reporting Council (FRC) has published a new Audit Firm Governance Code for the Big Four and firms that audit more than 20 FTSE 350 companies and public interest entities (PIEs)

13 Apr 2022

Corporate governance

Audit | Deloitte’s Go-Ahead audit under investigation

The Financial Reporting Council (FRC) has launched an inquiry into Deloitte’s audits for listed rail operating group Go-Ahead

12 Apr 2022

Corporate governance

Practice & Industry

Audit | Deloitte resigns as Polymetal auditor

Big Four audit firm Deloitte has resigned as Polymetal auditors due to the mining company’s Russian business interests

8 Apr 2022

Corporate governance

Audit | Results delayed as PwC does not sign off audited accounts

AIM listed S4 Capital plc has delayed its annual results due to auditors, PwC refusing to sign off the accounts

31 Mar 2022

Corporate governance

Audit | ESG and how to improve workforce reporting

The social element of environment, social, governance (ESG) reporting is a critical part of the mix to give insight into employment trends but is it meeting expectations, asks Rachel Kay, researcher, High Pay Centre

18 Mar 2022

Corporate governance

Audit | Russia and Belarus sanctions: tips to ensure due diligence

Accountants need to keep up to speed with the changing sanctions on Russia and conduct due diligence on clients. John Edwards, CEO of the Institute of Financial Accountants (IFA), gives his top tips on ensuring compliance

17 Mar 2022

Corporate governance

Practice & Industry

Audit | Internal audit body slates lack of progress on audit reform

The delay to the publication of a timetable for audit reform has forced the Chartered Institute of Internal Auditors to write to the Prime Minister calling for urgent action

15 Mar 2022

Corporate governance

Corporate reporting

Practice & Industry

Audit | Chancellor calls on firms to stop investing in Russia

The Chancellor has called on UK firms to ‘think very carefully’ about any investments that would support the Putin regime, in the wake of the invasion of Ukraine

14 Mar 2022

Corporate governance

Practice & Industry

Technical Alerts

Accountancy & Audit | FRC publish report on creating positive corporate culture

Accountancy & Audit | FRC publishes analysis of stewardship reporting

Accountancy & Audit | FRC publishes Annual Review of Corporate Governance Reporting

Accountancy & Audit | Cyber security annex added to HMT audit committee handbook

Accountancy & Audit | FRC publishes list of successful signatories to the UK Stewardship Code

Accountancy & Audit | HMT updates Risk Appetite Guidance Note

Accountancy & Audit | FRC publishes corporate governance research findings

Accountancy & Audit | Charity Commission responds to restoring trust in audit and corporate governance consultation

Accountancy & Audit | FRC finds diverse boards improve corporate culture and performance

Accountancy & Audit | Stakeholders issue joint statement on EU sustainable corporate governance

Accountancy & Audit | Research finds FTSE 350 annual reports downplay importance of workforce engagement

Accountancy & Audit | ICAEW provides insights on restoring trust in audit and corporate governance

Accountancy & Audit | FRC research shows increase in reporting on remuneration practices

Accountancy & Audit | Companies House updates liquidation and insolvency guidance

Accountancy & Audit | Jersey extends beneficial ownership reporting deadline

Accountancy & Audit | Covid-19: Companies House guidance updated