By Neil Hodge2024-07-19T13:28:00
Within two weeks of gaining power, the U.K.’s newly elected Labor government has confirmed its intention to beef up the audit regulator and strengthen corporate governance.
In Wednesday’s King’s Speech—which sets out the government’s legislative agenda for the next Parliament—Prime Minister Keir Starmer added the Draft Audit Reform and Corporate Governance Bill to the list of 40 bills the government hopes to pass.
At the core of the draft legislation is the government’s aim to transform the current regulator, the Financial Reporting Council (FRC), into the Audit, Reporting, and Governance Authority (ARGA).
2024-11-26T17:29:00Z By Aaron Nicodemus
French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.
2024-08-08T17:06:00Z By Adrianne Appel
The Financial Reporting Council ordered a unit Ernst & Young UK to pay 296,000 pounds (U.S. $376,000) over the firm’s 2021 audit of Russia mining group Evraz.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2025-07-21T16:59:00Z By Ruth Prickett
The U.K.’s Data (Use and Access) Bill, passed into law on June 19, aims to boost the economy and simplify access to services like healthcare and policing. Businesses must understand the changes and ensure data policies and complaints procedures are current.
2025-07-17T22:49:00Z By Aaron Nicodemus
The Department of Justice has refocused its white collar crime priorities on prosecuting the worst cases of corporate misconduct while also clearing away unnecessary and burdensome regulation that could “strangle” American business, Deputy Attorney General Todd Blanche said.
2025-07-16T20:13:00Z By Oscar Gonzalez
The U.S. Department of Labor scaled back OSHA penalties for small businesses and limited use of the general duty clause as part of the Trump administration’s deregulation agenda.
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