Publication
Arbitration trends in the Middle East: What to expect in 2024 and beyond
The last several years have seen rapid growth in the Middle East.
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
The last several years have seen rapid growth in the Middle East.
Publication
As the world enters the age of artificial intelligence, the use of technology in the legal sector continues to create interpretative difficulties and misunderstandings, sometimes with serious consequences, over seemingly trivial matters.
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