The UK Financial Reporting Council’s Revised Ethical Standard came into effect for accounting periods starting after 15 March. Its aims were to strengthen auditor independence, prevent conflicts of interest and, laudably, improve audit quality.
The new international accounting standard for leases came into effect at the start of this year. Deloitte’s David Honey and Stephen Maloney explain the changes and the impact on deals.
The UK Corporate Governance Code’s impact on financial performance has been largely untested until now. Research by Grant Thornton correlates strong corporate governance with financial outperformance.
M&A is facing many challenges at present. To complete a deal, vendor and acquirer need to agree on a price. David Prosser speaks to investors and advisers about the different ways in which valuation can be viewed.
It’s been a subdued period for M&A activity in the South West, but advisers can now see clouds clearing as a raft of new regional funding becomes available. Andy Thomson reports.
Solid long-term growth drivers have seen the pharma, medical and biotech sector navigate choppy M&A markets better than other industries. Nicholas Neveling looks at the longer-term prognosis.
Environmental, social and governance (ESG) is on the agenda of all businesses now, and it’s the E in ESG that APEM, which in June took on another round of funding, is focused on. Jason Sinclair reports.
The switch from the internal combustion engine to EVs is a revolution for auto manufacturers and already stressed supply chains. What will it mean for investment and M&A in the sector? Jason Sinclair reports.
The frenetic M&A activity in the asset and wealth management sector has slowed this year, along with deal activity across the board. David Prosser looks at the transaction drivers that continue to play a part in the sector’s business strategies.
In the traditional industrial heartlands of the West Midlands, cutting-edge businesses have proved attractive amid this year’s tricky investment landscape. Andy Thomson gauges the temperature of the region’s deals market.
Not only are changing economic conditions challenging the completion of deals, but the risk of post-deal dispute is also on the rise. Matthew Haddow and Ross Wiggins of Menzies suggest thorough due diligence and careful drafting of sale and purchase agreements is more crucial than ever.
COVID-19 made life challenging for business – and for advisers – but it’s also provided an opportunity to fully test the benefits of virtual due diligence: video calls; drone technology; online meetings; and collaboration tools. Data analytic tools have become even more important. Vicky Meek reports.
As the UK government pours money into saving businesses, and sustainability, purpose and ESG compete for importance, columnist Jon Moulton can see a source of cost-cutting
Artificial intelligence is increasingly being used in corporate decision-making, investment and M&A. Last year, the faculty’s Shaun Beaney and Rosanna Woods of Drooms co-authored the AI in Corporate Advisory research report. This was followed in May by an evidence meeting held by the All-Party Parliamentary Group on Artificial Intelligence (APPG-AI), hosted remotely due to the COVID-19 pandemic
The Fourth Industrial Revolution is all about artificial intelligence and big data – including machine learning. These new technologies are affecting many areas of business, and corporate finance is no exception. Marc Mullen looks at how AI is changing the role of advisers – and at how human judgement will always be at the heart of successful deals.
Guidelines and reports
The Corporate Finance Faculty and Drooms have published the world’s first research about the role of artificial intelligence in deals.
This guideline addresses the principal considerations in the completion process. It compares and contrasts the mechanisms used to establish the final equity value in deals. It also provides commentary on common areas of dispute, together with mitigating actions.
This 2nd edition is a practical guide to financial modelling in a corporate finance transaction context. That rider is important. The guide is aimed at corporate financiers and modellers who need to prepare, use or review financial models for deals; it is not aimed at financial modellers who need to develop their understanding of corporate finance.