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BEIS consultation: dividends & corporate reporting – implications for directors
InsightsAudit & Governance ReformBEIS White Paper: dividends & corporate reporting
BEIS & corporate reporting: impacts on directors
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.
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Jessica Howard Director - Accounting Technical Services
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Audit & Governance Reform
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...