Audit & Corporate Governance reforms: Update on recent announcements – what should companies do next?
Last month, the Government announced that it had withdrawn the proposed changes to Companies Act which introduced new requirements. In addition, the King’s Speech in November did not include primary legislation needed to set up the Audit, Reporting, and Governance Authority (ARGA), and shortly after, the FRC released a policy update on the proposed changes to the UK Corporate Governance Code. In our latest podcast, we are joined by Greg Stinson, Head and Partner of Accounting Advisory Services, and Manisha Santchurn, who specialises in advising our clients on the quality of their Corporate Reporting, to share what we are hearing from the different stakeholders and what these latest developments mean for companies. References: Annual Review of Corporate Reporting (frc.org.uk) What Makes a Good Annual Report and Accounts (frc.org.uk) FRC report looks at "Materiality Mindset" for better corporate reporting