The Internal Controls over Financial Reporting assessment of the Sarbanes-Oxley Act are relevant for any company with securities listed in the US, including many large UK companies.
Commentary on audit reviews
Read opinion pieces and commentary on the corporate governance and audit reform and the BEIS white paper.
Radical reforms proposed by the UK Government could see thousands more companies brought under new, more stringent, audit and corporate reporting rules previously aimed at the UK’s largest businesses.
The Audit, Reporting and Governance Authority will be reinforced with new powers over local government audit, protecting public funds and ensuring councils are best serving taxpayers.
A key purpose of the BEIS White Paper on restoring trust in audit and corporate governance is simply to get companies to become really transparent in supplying more accessible information.
Corporate culture is often forgotten in the rush to determine internal rules. If we are to understand the big questions around trust in business, shouldn’t culture metrics be in place?
Chartered accountants have an opportunity to respond to the package of reforms relating to fraud, as recommended by the Brydon Review. What do you think of the government’s proposals?
Restoring trust in audit and corporate governance: what does the BEIS White Paper mean for company directors?
A key dimension of the reform package is the wider impact it will have on boards and company directors.
Triodos has been in the business of green banking for 40 years. Its UK CEO explains how it weighs up environmental and financial risk.
Existing rules around viability reporting are not achieving what they need to. The government has proposed a new annual resilience statement by public interest entities to fix the problem.
One of the central planks of the Sarbanes-Oxley regime in the US is that directors will go to prison if they fall short. If a version is implemented in the UK and there is no such penalty in scope, how will the regime work?