News

The Court of Appeal has today partially allowed Sports Direct’s appeal against the judgment of Mr Justice Arnold in relation to the provision of privileged material to the FRC. 

The Financial Reporting Council (FRC) has today published guidance for companies on disclosure of risks and other reporting consequences arising from the emergence and spread of Coronavirus (COVID-19).

The FRC and Department for Business, Energy and Industrial Strategy (BEIS) have published joint letters for accountants and auditors with information regarding auditing, accounting and corporate reporting standards during the transition period following the UK’s exit from the EU.

New research from the Hampton-Alexander Review has found one third of Board seats at FTSE 100 companies are now held by women, ten months ahead of the December 2020 target, however progress to develop the succession pipeline across the FTSE 350 remains slow.

Over half of FTSE 250 companies (52%) fail to mention ethnicity in their board diversity policy, and most of the FTSE 350 do not set measurable ethnicity targets, according to new research from the Financial Reporting Council (FRC).  

The Financial Reporting Council (FRC) has today announced a major shakeup of its oversight and supervisory functions to speed up the pace of Enforcement investigations.

Simon Dingemans, Chair of the Financial Reporting Council, gave the keynote speech at this event on Wednesday 29 January. He spoke about the effectiveness of well-functioning markets.

The FRC has today issued a revised glossary which now includes a definition for an Other Entity of Public Interest, which has now been approved by the FRC Board.

The Financial Reporting Council (FRC) has today launched a consultation on the proposed revision of its UK standard (ISA (UK) 315 (Revised – June 2016) - Identifying and Assessing the Risks of Material Misstatement Through Understanding the Entity and Its Environment.

The Global Preparers Forum (GPF) is seeking new members from 1 March 2020.