Search: financial focus

The Financial Reporting Council (FRC) has published new research, in conjunction with the UK Anti-Slavery Commissioner and Lancaster University, which has identified significant shortcomings in the quality of companies’ modern slavery reporting. The research looked at a sample of 100 major com

The Financial Conduct Authority (FCA) has finalised rules requiring listed companies to report information and disclose against targets on the representation of women and ethnic minorities on their boards and executive management, making it easier for investors to see the diversity of their senior l

The Financial Reporting Council (FRC) has published the Exposure Draft of Proposed ISA (UK) 600 Special Considerations -Audits of Group Financial Statements (Including the Work of Component Auditors). The revisions build upon the recently revised international version of the standard, with an enhanc

The Financial Conduct Authority (FCA) has launched a new strategy to improve outcomes for consumers and in markets throughout the UK. As the FCA’s remit is broad and growing, the three-year strategy prioritises resources to prevent serious harm, set higher standards and promote competition. Th

The Financial Conduct Authority (FCA) has called for so-called ‘host’ Authorised Managers (AFMs) to improve their standards following a review of firms published today. Host AFMs are fund operators that delegate investment management to third-party investment managers outside of their co

The Financial Conduct Authority (FCA) has published new proposals on climate-related disclosure rules for listed companies and certain regulated firms. The proposals follow the introduction of climate-related disclosure rules for the most prominent listed commercial companies in December 2020 which

The Financial Conduct Authority (FCA) has launched its second consultation on introducing the UK Investment Firm Prudential Regime (IFPR) for FCA prudentially-regulated investment firms. The IFPR introduces a new prudential regime for MiFID investment firms regulated by the FCA. It will create a sin

The Financial Reporting Council (FRC) has published a new report which sets out what firms can expect from the FRC in the course of supervision with a focus on audit quality and firm resilience. 'Our Approach to Audit Supervision' highlights the FRC's approach to supervision and what the w

The Financial Reporting Council (FRC) has said that auditors must redouble their efforts to remedy inconsistent audit quality in the wake of the unprecedented economic turbulence caused by COVID-19.  In its Developments in Audit 2020 report released today, the regulator reports audit quality re

READ Cased Hole has revamped its senior leadership team by appointing its chief financial officer Bruce Melvin to the role of CEO. Mr Melvin joined READ in 2014 as chief financial officer and has over 15 years of financial management experience in medium and large global oilfield service provid

Law firm Ledingham Chalmers has increased its turnover and profit for the last financial year. Turnover for year ending March 2019 was just over £11.6 million, compared with around £10.6m the year before; and profits were up from £3.2m to £3.47m.

Housebuilder and developer Mactaggart & Mickel has promoted group financial director Paul McAninch to the new role of chair of the company’s Investments arm, with responsibility for around £80 million of assets. To date the Investment Fund has provided growth capital for more than 50

More focus is needed on strengthening accounting, financial management and governance, over and above just focusing on technology in order to develop the smart city, according to a new report by the Association of Chartered Certified Accountants. ACCA’s report, Smarter Cities, Simpler Cities – a

Geoff Jacobs Businesses across the north of Scotland should continue to focus on their contingency plans amid the financial uncertainty that has flowed from the prolonged oil and gas downturn, according to professional services firm KPMG.

The Financial Reporting Council (FRC) has launched an investigation into Deloitte and Azets over their audits of the collapsed fintech company, Stenn. The probe follows the company's fall into administration in December after lenders raised concerns about potentially suspicious transactions.