24 January 2020: the PRA has set out the practical improvements the regulator wants to see from the general insurance industry in its letter to Chief Executives of general insurance firms regulated by the PRA. Some topics are more familiar than others, says ICAEW’s Financial Services Faculty; but, interestingly for a prudential regulator, there is a firm emphasis on culture.
Latest ICAEW and accountancy news
24 January 2020: stakeholders need reliable and consistent information. Financial information is not enough and the plethora of non-financial information reporting initiatives is breeding confusion. That is why Accountancy Europe is calling for interconnected standard setting.
23 January 2020: the idea of a government stepping in to provide assistance to cash-strapped companies with significant regional importance has been much debated following the recent Flybe intervention. While such a policy shift should be welcomed, a clear framework and strong legislation is crucial to any new strategy’s success, explains ICAEW Director for Business and Industrial Strategy Iain Wright.
23 January 2020: how does a safe whistleblowing culture benefit accounting firms? Elizabeth Richards, Head of Corporate Governance at ICAEW, examines the circumstances in which accountants might need to blow the whistle and the legal protections they receive.