Tag Archives: FRC

A House of Commons Select Committee spells trouble for company directors, and joy for the plaintiffs’ bar

A little while ago, I blogged about the Financial Reporting Council’s (“FRC”) proposal that it be given the power to impose sanctions on all listed company directors who preside over serious accounting irregularities. Now it seems these proposals not only … Continue reading →

What is risk culture?

Risk Culture – This is the first in a series of blogs on risk culture. We start the fundamentals and a definition. Subsequent posts will delve into how to measure, analyse, and manage an effective risk culture, how to understand … Continue reading →

A new regulatory threat for directors of U.K.-listed companies

You are a director of a U.K.-listed company but not its Chief Financial Officer. A significant error is discovered in the financial statements going back several years, as a result of which the accounts have had to be restated. If … Continue reading →