While many FTSE businesses will be able to meet significant requirements of the report, which focuses on the importance of risk management, most will need to move quickly if they are to achieve full compliance and gain from the associated business benefits when Turnbull becomes mandatory next year. The Turnbull report emphasises the need for boards to explicitly and regularly monitor not only control failures but also control weaknesses and “near misses”. It is this requirement for boards to evaluate the overall effectiveness of their entire control framework that makes the requirements of Turnbull challenging, given the other pressures on management time, says E&Y.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.