THE CHIEF EXECUTIVE of the Financial Reporting Council has defended the body’s approach to corporate governance leadership.
Writing to the Financial Times, Stephen Haddrill (pictured) said that the body “promotes high standards” and took issue with the suggestion that the accountancy profession has “captured” corporate governance.
Listed companies are required to follow the FRC’s code but non-listed businesses in some sectors also adhere to it, including building societies and mutuals.
Haddrill said that the forthcoming review of the regulator’s structure and powers could lead to a narrower focus but insisted: “We are clear in our view that fostering investment and economic growth should remain the core of our mission.”
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Board members of accounting standard setter the IASB have come under fire for the size of their remuneration packages amid scrutiny of how the organisation is governed