FRC guidance
Displaying 1-5 of 5 results
Audit, risk and internal control
- Jul 2018
- Financial Reporting Council
The FRC published the revised Guidance for board effectiveness in July 2018. Section 4 Audit, risk and internal control looks at the audit committee's (or risk committee's if separate) responsibility in this area.
Boards and risk
- Sep 2011
- Financial Reporting Council
The FRC held a series of meetings with companies, investors and advisers in 2011 which were summarised in this report. One of the conclusions reached was that whilst the guidance was 'still broadly fit for purpose, some change was needed to reflect the role of the board as articulated in the new version of the [UK Corporate Governance] Code.'
FRC Guidance on Board Effectiveness
- Jul 2018
- Financial Reporting Council
The FRC published the revised Guidance for board effectiveness in July 2018. Section 4 Audit, risk and internal control looks at the audit committee's (or risk committee's if separate) responsibility in this area.
Guidance on risk management, internal control and related financial and business reporting
- Sep 2014
- Financial Reporting Council
This guidance, from September 2014 integrates and replaces the FRC's Internal Control: Guidance to Directors and Going Concern and Liquidity Risk: Guidance for Directors of UK Companies. It links the guidance on internal control (Formerly known as the 'Turnbull guidance') with emerging good practice for risk management following the FRC's Board and Risk report and final recommendations of the Sharman Panel of Inquiry into Going Concern and Liquidity Risk.
UK Corporate Governance Code
- Jan 2024
- Financial Reporting Council
Section 4 – Audit, risk and internal control - from the UK Corporate Governance Code 2024 (for accounting periods beginning on or after 1 January 2025)
Section 4 - Audit, risk and internal control - from the UK Corporate Governance Code 2018.
Section 4 - Audit, risk and internal control - from the UK Corporate Governance Code 2018.
Displaying 1-5 of 5 results
Further guidance and reports
Displaying 1-11 of 11 results
Cyber security: balancing risk and reward with confidence
- Dec 2014
- Department for Business, Innovation & Skills
Government guidance for non-executive directors on understanding the cyber security risks their company faces, including example questions they should ask board colleagues.
FRC Corporate Governance review 2024
- Nov 2024
- Financial Reporting Council
FRC report from November 2024, (see press release) which gauges the quality of reporting against the UK Corporate Governance Code 100 FTSE 350 and Small Cap companies were assessed. Previous editions can also be viewed
Governance challenges 2017: Board oversight of ESG
- Mar 2017
- National Association of Corporate Directors
National Association of Corporate Directors (NACD) report which aims to assist directors in meeting additional responsibilities associated with considering Environmental, Social and Governance (ESG) factors when setting company strategy and risk. Requires free registration to download.
Guidance: Raising the bar
- Dec 2019
- The Risk Coalition
Principles-based guidance for board risk committees and risk functions in the UK financial services sector from the Risk Coalition.
Mind the information gap: non-executive directors and professional development
- Apr 2015
- Axelos
A March 2015 AXELOS discussion paper on the challenges that directors may face in understanding cyber risk and how these problems can be addressed. Requires free registration to view.
Raising the bar
- Dec 2019
- The Risk Coalition
Principles-based guidance for board risk committees and risk functions in the UK financial services sector.
Risk committee
- Sep 2018
- KPMG
KPMG Board Leadership Centre guidance and resources to help risk committee members navigate the risk landscape
Risk committee - terms of reference
- Jun 2020
- ICSA The Governance Institute
ICSA guidance note updated in June 2013 which provides 'model terms of reference for the risk committee of a company and is particularly relevant to banks and other financial institutions (BOFIs).' It 'draws on the experience of company secretaries and is based on best practice as carried out in some of the UK’s largest listed companies.'
Risk culture in financial organisations
- Sep 2013
- Chartered Institute of Management Accountants
This CIMA report outlines how interest in the cultures of organisations and their effects on management practices has increased dramatically since 2008. Covers risk culture challenges for Chief Risk Officers, CEOs and Boards
Risk management and internal audit: forging a collaborative alliance
- Apr 2012
- Risk and Insurance Management Society / Institute of Internal Auditors
A RIMS and IIA joint report highlighting the advantages of internal audit and risk management collaboration
Tomorrows corporate governance: the boardroom and risk
- Jun 2013
- The Centre for Tomorrow’s Company
This report and tool-kit describes potentially catastrophic risks, what the roads to ruin and roads to resilience look like and what boards can do to evolve their risk management agenda and more effectively govern risk.
Displaying 1-11 of 11 results
Disclaimer
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.
Can't find what you're looking for?
The ICAEW Library can give you the right information from trustworthy, professional sources that aren't freely available online. Contact us for expert help with your enquiries and research.