The coronavirus COVID-19 pandemic is disrupting the way companies maintain their corporate governance responsibilities. This page collects together ICAEW insights and externally-produced resources which offer practical advice for directors and boards on how to conduct AGMs and board meetings, file accounts and discharge their other duties.
We want to know about the issues affecting you, your business and your clients. We would love to hear of any ideas you have for new resources or information that we are not yet covering. If you have insight and ideas for additional guidance or policy input to government, please tell us.
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ICAEW's Audit and Assurance Faculty brings you the latest technical updates on developments in auditing and assurance, financial reporting and ethics. Please note Only Audit and Assurance Faculty members and Faculties Online subscribers have access to these technical updates.
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Updates on UK, US, EU and other international developments. This paper provides an update on publications since the last Corporate Governance Committee meeting.
With working patterns likely to be permanently affected by the pandemic, many employers are facing a change in the way people value work and their expectations of how they will be managed.
During these turbulent times conversations between insolvency and restructuring practitioners and their clients may touch on attracting investment.
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Sophie Wales explains the application of ethics to tax work, including how to approach fraudulent COVID-19 support claims.
The European umbrella body has stressed the need for a more holistic approach to tackling fraud, following concerns that a disproportionate focus on auditors will do little to reduce the ever-growing risks.
Monday 12 April 2021: Howden Employee Benefits & Wellbeing (Howden) is partnering with ICAEW who represent 180,000 chartered accountants and students worldwide.
This month’s top technical stories on ICAEW Insights include updates on the government’s corporate governance reforms, Budget and Tax Day announcements and further news on COVID support schemes.
What steps can and should audit committees, audit regulators, investors and auditors in the UK take to improve audit quality? This essay from the Audit and Assurance Faculty examines audit quality in terms of ownership, behavioural aspects, and structural drivers.
How do you assess the full impact of COVID on your business? ICAEW’s six questions for company boards suggest what you should consider. Make sure you’re prepared for 2020 and 2021 year-end reporting.
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Outlining key findings from the Financial Reporting Lab's reports on reporting in times of uncertainty and s172 disclosures.
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Jane Portas reflects on key issues to remember as we recover from the pandemic.
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Writing for the Financial Services Faculty, Carlos Tornero assesses whether the social justice movements of 2020 have changed decision-making in corporate boardrooms.
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An Employee Director can make the difference
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This challenging year was an inflection point for companies from a corporate governance perspective. As we look towards 2021, we reflect on key learnings from 2020.
3 December 2020: Annual reports provide an opportunity for companies to communicate how they have adapted to face the challenges of COVID.
Corporate liquidity has hit record levels this year as companies sit on a huge cash reserve, bolstered by government emergency funding. We look at how and when businesses might resume investing for an economic recovery.
If the government launches its consultation before Christmas a major reform agenda will come in the first quarter of 2021, says Michael Izza
19 November 2020: 8,600 pandemic-related contracts worth £18bn were entered into in the period up to 31 July 2020, but a lack of transparency in how they were awarded has given rise to serious concerns about how public money has been spent.
Consolidated guidance issued by the FRC for companies on corporate governance and reporting. The document covers management information, risk management and internal controls systems, dividends and capital maintenance, corporate reporting, the strategic report, viability statement, and financial statements. It supersedes previous guidance.
Updated report produced by the FRC's Financial Reporting Lab which highlights three key areas of disclosure and updates on recent developments in corporate reporting, with practical examples from actual reports and presentations released by companies since June 2020.
Updated report produced by the FRC's Financial Reporting Lab which explores current disclosure practices and how corporate reporting is developing, with practical examples from actual reports and presentations released by companies since June 2020.
In this AccountingWEB article, Mark McLaughlin examines key considerations for company owners when disincorporating their business due to the impact of COVID-19. It looks at options for dispensing with the company and tax issues around transfer of closing trading stock, capital allowances, VAT, capital gains on transfer of chargeable assets, SDLT, and intangible fixed assets. Part 2 of the article continues with discussion of distributions on winding up, the targeted anti-avoidance rule (TAAR), tax avoidance motives, transactions in securities, and IHT.
Guidance issued by the Home Office announcing that businesses which need to delay the publication of their modern slavery statement by up to six months due to coronavirus-related pressures will not be penalised. It also highlights specific issues to consider in addressing modern slavery risks during the pandemic.
Guidance note issued by ICSA on the use of virtual meetings, which aims to help companies struggling with the impact of COVID-19. The document discusses how to choose the right technology and communication channel (including a comparison of virtual meeting providers), how to organise and structure virtual meetings, suggested ground rules for participants, alternatives to meetings, and notes for the Chair, the Company Secretary and presenters.
Updated guidance issued by ICSA offering advice for UK listed companies on how to ensure that AGMs are quorate, who should chair meetings, which directors will be allowed or expected to attend the general meeting and where to hold the meeting in the event of the planned venue being unavailable or otherwise inaccessible.
The Financial Conduct Authority (FCA) has announced a temporary relief which will permit listed companies that need extra time to complete their audited financial statements an additional two months to publish them. It also confirms that the voluntary moratorium on publication of preliminary statements of account (prelims) can end on 5 April 2020.
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