Page 14 - Iain Wright News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As the consultation on a proposed international auditing standard for the audit of ‘less complex entities’ (ISA for LCE) draws to a close, it’s time to make the case for why it’s needed.

ICAEW’s Public Sector Conference on 10 December ended with a rallying call from Tony Juniper CBE, chair of Natural England, leading one participant to say, “I am very much inspired to inject some energy into a cross-function sustainability group in my department”.

As the government published its strategy to meet the UK’s commitment to become net zero by 2050, an HM Treasury report has highlighted the significant implications for public spending and tax revenues in meeting the costs.

ICAEW has welcomed the nearly £10bn foreign investment secured at the UK Global Investment Summit and called for an injection of best-in-class thinking about management and innovation.

Jon Thompson, chief executive of the FRC, told delegates at ICAEW’s Financial Reporting, Audit and Assurance Conference to expect some form of SOX in the UK and voiced support for market caps for FTSE350 audits.