The Financial Reporting Council, the UK’s independent regulator responsible for promoting confidence in corporate reporting and governance, has published a discussion paper on the possible effects of changes to audit firm ownership rules, plus a consultation on the use of audit firms from more than one network. The discussion paper and consultation form part of the FRC’s progress report on the recommendations of the Market Participants’ Group (MPG) on actions to enhance the efficiency of the market for audit services to large companies in the UK. The discussion paper considers a number of issues in relation to audit ownership, including: ease of entry and the potential for mid-sized firms to gain market share; the potential impact of the introduction of outside capital to audit firms on audit quality; the impact of the introduction of outside capital on the supply of auditors with appropriate skills and personal qualities; and possible decline in audit quality arising from conflicts of interest associated with a firm’s ownership. Responses to both the discussion paper and the consultation are sought by 1 August 2008.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more