The ICAS public voice – the corporate ecosystem post-covid City Talk As we begin to emerge from Covid-19, a key strand in the public policy work undertaken by ICAS relates to reforming the corporate ecosystem. From a public interest perspective, our role is to share insights, shaped and informed by the views of ICAS Members, into the many complex issues and decisions involved in developing high-quality [...]
Chartered Accountant’s role in battling climate change City Talk As the demand for progress on combating climate change grows stronger, CAs will find themselves in the thick of the action, says James Barbour CA, Director, Technical Policy. This article first appeared in ICAS’ CA magazine. In 2000, the world watched as Edinburgh played host to the International Federation of Accountants Conference. At this historic gathering, [...]
James Barbour CA on the seven essential elements for corporate reform City Talk From the outset of the calls for audit reform, ICAS has advocated a holistic review of corporate governance, reporting and audit (“the corporate ecosystem”). This article first appeared in ICAS’ CA magazine. We therefore see the recent consultation by the Department for Business, Energy and Industrial Strategy (BEIS), “Restoring trust in audit and corporate governance”, as [...]
Audit reform – Two minds are better than one June 2, 2021 The UK might not have won Eurovision 2021, indeed it suffered the humiliation of scoring nil points, but it has certainly led the current race on audit and wider corporate governance reform. The Department of Business, Energy and Industrial Strategy (BEIS) issued its consultation ‘Restoring trust in audit and corporate governance’ in March with a [...]
Creating a new Corporate Auditor profession May 12, 2021 ICAS has issued its Corporate Auditor report, setting out how Sir Donald Brydon’s recommendation to establish a Corporate Auditor profession could be implemented in practice. ICAS notes with interest the intention of BEIS, as proposed in its consultation paper ‘Restoring trust in audit and corporate governance’ (March 2021), to take forward the recommendation by Sir [...]
SOX or no SOX? The focus on internal control is here to stay May 7, 2021 The UK Government is considering whether to introduce something along the lines of SOX. Regardless of where we end up following the current consultation process, it will almost certainly not be the end of the debate on internal control. More than twenty years have passed since the corporate collapse of Enron. The response of the [...]
