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FRC Report Highlights Shortcomings in UK Modern Slavery Corporate Reporting

On 25 April 2022, in collaboration with the UK Independent Anti-Slavery Commissioner, the Financial Reporting Council (“FRC”) published a report on Modern Slavery Reporting Practices in the UK (the “Report”). ...more

FCA And FRC Regulatory Intervention On Corporate Climate-Related Reporting

The financial services sector plays a vital role in the fight against climate change. It has long been recognised that regular and accurate disclosure of information on climate-related risks and opportunities can help...more

Corporate Failings On Climate Change Reporting Revealed

Over the past four years in the United States, there has been an increasing disconnect between public and private action on climate. The current administration de-prioritized (and many believe sabotaged) any efforts to...more

Legal Privilege In Regulatory Audit Investigations

The relationship between a business and its auditor often requires privileged material to be passed to the auditor to enable it to properly understand the financial risks to the business of existing and potential litigation....more

The Financial Reporting Council Reports On Conviviality And Autonomy

The Financial Reporting Council has had a busy week. It has published its plans for changes at the Big 4 accountancy firms, and further evidence of its enforcement success on failed audits in Conviviality and Autonomy has...more

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