BusinessCompany NewsFRC hints at Higgs concessions

FRC hints at Higgs concessions

Sir Bryan Nicholson, chairman of the Financial Reporting Council, has indicated that some of the Higgs proposals could be introduced as guidance rather than rules.

Link Higgs special report

In doing so, Nicholson looks set to bow to boardroom pressures over the proposals put forward by the former investment banker, Derek Higgs. A number of accountants as well as business leaders say the report is too inflexible.

‘We are looking at what are best left as “comply or explain” provisions and what is better as guidance,’ the Financial Times reported Nicholson as saying. ‘It is not a dilution of the Higgs report but a proper response to the process of consultation in which good points were made.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

1m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

5m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

5m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

8m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

8m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

8m Emma Smith, Managing Editor