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.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
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.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
Ensuring your business culture does not lead to loss
Premium Content: This is exclusive item - please log in or subscribe to view this item.
This special report explores how to be more commercial to add value and generate profit for your firm.
View the articles from the September edition of Audit & Beyond.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
The faculty is working to achieve ICAEW’s five goals for audit reform, despite the pandemic, as Sophie Campkin and Nigel Sleigh-Johnson explain.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
Our roundup of regulatory news.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
The FCA has looked at financial services firms’ remuneration policies and has encouraged a continued focus on culture rather than crisis, Financial Services Faculty commissioning editor Brian Cantwell writes.
30 July: Writing for the Financial Services Faculty, Carlos Martin Torneros covers three key reasons why businesses are shifting their ideological focus through the pandemic crisis.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
This helpsheet has been issued by ICAEW’s Technical Advisory Service to inform members what they need to take into considerations when using electronic signatures to sign reports and documents.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
2019 seemed particularly bad for large-scale disruptive events, and it was, until 2020 and COVID-19 came along.
21 July: Boardrooms make some of the most influential decisions in the country – but do they reflect society and understand intergenerational challenges, which have been exacerbated by COVID-19?
A number of changes to insolvency Regulations have been put in place following the coronavirus pandemic. This page details the changes and includes related resources from HMRC.
View the articles from the July/August edition of Audit & Beyond.
26 June 2020: The pandemic increases the risk of modern slavery practices across supply chains, but it could be a chance to do more to eliminate it.
26 June 2020: The essential resources for ICAEW members when it comes to ethical and AML issues.
29 June 2020: The National Audit Office (NAO) has issued guidance to help audit and risk committee members examine the impact of the COVID-19 outbreak on government organisations.
26 June 2020: Government schemes to ease the financial impact of the Coronavirus pandemic have been a lifeline for businesses. But with measures rushed in so quickly, some will inevitably take advantage.
Premium Content: This is exclusive item - please log in or subscribe to view this item.
Many auditors are working from home during the COVID-19 lockdown, and this presents logistical challenges for the signing of the auditor’s reports on financial statements.
19 June 2020: What do non-executive directors (NEDs) need to know about working effectively during the pandemic?
Premium Content: This is exclusive item - please log in or subscribe to view this item.
Technical helpsheet issued to help ICAEW business members to navigate some of the ethical issues that may arise during the Covid-19 pandemic.
Guidance for companies published by the FRC highlighting key issues for boards and addressing common challenges for preparers of annual reports and other corporate reporting, particularly regarding disclosures. Updated to include explanations of how organisations should report exceptional items and alternative performance measures (APMs). The high-level guide provides notes on management information, risk management and internal controls systems, dividends and capital maintenance, corporate reporting, strategic report and viability statement, going concern and material uncertainties, significant judgements and estimation uncertainty, events after the reporting date, and interim reports.
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.
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.