Highlights from the broader tax news for the week ending 6 April 2022, including: plastic packaging tax; Scottish taxes; and an Environmental Audit Committee inquiry.
Audit committee articles
Articles, feature and reports from the ICAEW on the work and responsibilities of the audit committee.
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Understanding your auditor’s Russian trading position is key to audit committees managing potential reputation and sanction risks, experts warn.
Some audit committee chairs are struggling to distinguish between a good quality audit and a good quality of service from an auditor, new research has found.
As the 2021 reporting season approaches, businesses increasingly face questions from investors about how their accounts reflect climate-related matters. Here’s how businesses, audit committees and auditors can address them.
The long-awaited government consultation paper on changes to the corporate governance and audit system is expected to advance the debate around audit quality. But what steps can and should audit committees, audit regulators, investors and auditors in the UK take now to improve audit quality?
Research from Grant Thornton on recent public interest reports by local auditors contains useful lessons for local authorities on the importance of good governance and strong financial controls.
16 February 2021: Kathryn Cearns OBE, amongst her many other appointments, is a Non-executive
ICAEW’s Internal Audit Panel has identified eight risk areas where boards and audit committees should be asking themselves whether they are receiving the objective assurance they need amid increased public scrutiny.
How do you know if your audit committee is effective
Audit Committees are playing an increasingly critical corporate governance role in terms of their leadership on financial reporting, internal controls, risk management and the internal and external audit functions.
Smaller Listed and AIM Quoted Companies
Designed to give investors, and other users, the ability to assess the financial integrity of a company, financial reporting and compliance with relevant reporting frameworks is an essential tool for holding management to account. More than this, high quality financial reporting can contribute to a strong and efficient economy by improving transparency and liquidity and thereby lowering the cost of capital.