Publication
GCR Guide to Data & Antitrust – Competition law and data
Miranda Cole and Francesco Salis from our Brussels office are the authors of a chapter on the evolving view of data in the application of competition law.
Global | Publication | January 8, 2016
Welcome to Essential Corporate News, our weekly news service covering the latest developments in the UK corporate world.
On January 5, 2016 the Financial Reporting Council (FRC) published its audit quality thematic review on firms’ audit quality monitoring. The review supplements the FRC’s annual programme of inspections of individual audit firms and looks at firms’ policies and procedures in respect of a specific aspect of audit, and their application in practice, to make comparisons between firms with a view to identifying both good practice and areas of common weakness.
In its review, the FRC looks at the following areas:
The review sets out several suggestions for audit committees to consider, intended to enhance the effectiveness of the audit committee's oversight of an audit and their evaluation of audit quality. The suggestions include the audit committee doing the following:
(FRC, Audit Quality Thematic Review: Firms’ audit quality monitoring, 05.01.16)
On January 7, 2016 the Institute of Chartered Accountants in England and Wales (ICAEW) published a guide setting out seven questions on corporate reporting that company directors, audit committee members and auditors should ask themselves in order to communicate clearly and honestly in their reports:
Publication
Miranda Cole and Francesco Salis from our Brussels office are the authors of a chapter on the evolving view of data in the application of competition law.
Publication
Miranda Cole, Lara White and Christoph Ritzer from our Brussels, London and Frankfurt offices are the authors of a chapter on how the interplay between competition and privacy law is affecting online advertising.
Publication
Unannounced inspections by competition authorities, usually called “dawn raids”, are undoubtably one of the most efficient tools for collecting evidence and enforcing competition rules. They are also an area where investigators test (and sometimes exceed) the boundaries of companies’ procedural rights.
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