Our experts have developed this range of resources looking at the key areas of the proposed reform to corporate reporting – and the potential impacts for your business.
Contact us for more information about this topic.
Boards face a formidable piece of new work as the government pushes forward with reforms to corporate reporting. Proposals that come as part of an effort to overhaul audit and governance ask corporate leaders to master a new discipline: reporting on their business prospects long into the future in a “resilience statement”. For some this could mean considering the business environment decades ahead.
The BEIS White Paper set out an array of proposals to reform different aspects of the corporate governance and audit regime. They include specific changes concerning compliance by companies with the distributable reserve and capital maintenance regime. This document explores the four key areas of the proposed change that relate to increased director accountability and how businesses should be preparing....
The BEIS White Paper, published in June 2020, outlined a number of recommendations for changes to corporate reporting. This guide explores the need-to-know implications for directors around the issues of dividends, distributable reserves, corporate reporting and the resilience statement, and considers how businesses can prepare for the road ahead.
The release of the BEIS White Paper in March 2021 signalled a once in a generation opportunity to transform audit and strengthen corporate governance in the UK. A consultation followed and the themes were echoed in the transcript of the Queen’s Speech in May 2022. We now await a draft Bill, expected in 2023/4. There is widespread consensus that the audit sector is not reaching its potential, and...
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