UK Regulators Address Challenges of Corporate Reporting Amid the Pandemic

Earlier this week, the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) reminded companies in the UK that the permission to delay publication of financial reports is still in effect. The initial joint statement was issued in the early days of the lockdown in the UK on 26 March … Continue reading

Remediating Internal Control Weaknesses During Pandemic

As 2020 comes to a close, many public companies are gearing up for fiscal year ends and preparing annual financial statements. Particularly important this year is determining how to disclose pertinent information about COVID-19 in annual reports. Given the widespread disruption on regular operations, a disclosure of … Continue reading

PCAOB Adopts Amendments to Independence Rules, Announces 2020-2024 Strategic Plan

On November 19th, the Public Company Accounting Oversight Board (PCAOB) adopted amendments to its independence requirement to align with the Securities and Exchange Commission (SEC) rules. “The Board’s targeted amendments are intended to avoid confusion, differences, and duplication between PCAOB … Continue reading