Regulation
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Dec- 2020 -15 December
FCA publishes consultation on prudential regime for investment firms
The Financial Conduct Authority (FCA) has published its first consultation report on its proposed rules to introduce the UK Investment…
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9 December
FRC calls for ‘challenge culture’ in audit firms
The Financial Reporting Council (FRC) is cautioning on the need for challenge culture in audit firms, after “consistently” finding that…
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4 December
ICAS calls for transparency in decommissioning costs
The Institute of Chartered Accountants of Scotland (ICAS) has called for higher transparency in the presentation of the cost of…
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Nov- 2020 -30 November
FRC to consult on review standard for interim financial statements
The Financial Reporting Council (FRC) has announced it has launched a consultation on the proposed revision of its review standard…
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27 November
New Corporate Governance Code reporting a ‘mixed picture’, says FRC
Although some companies have embraced the opportunities the revised UK Corporate Governance Code offers, the FRC has found in its…
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17 November
FCA cautions Carillion over ‘misleading’ reporting
The Financial Conduct Authority (FCA) has issued a warning notice to Carillion over “misleading” reporting. The regulator emphasised a number…
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16 November
FRC reveals company reporting expectations for 2020/21
The FRC has published its annual end of year letter to CEOs, CFOs and audit committee chairs, outlining the body’s…
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13 November
FRC urges auditors to ‘redouble’ efforts during Covid
The Financial Reporting Council (FRC) is urging auditors to “redouble” their efforts in order to rectify inconsistent audit reporting. The…
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11 November
Financial services green initiatives welcomed by ACCA
ACCA has welcomed chancellor Rishi Sunak’s announcement that states it will be mandatory for financial services to disclose risks to…
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11 November
Regulator urges industry to combat pension scams
The Pensions Regulator (TPR) is urging the industry to combat pension scams as part of a new campaign. The pledge…
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