Recent news
The Financial Conduct Authority’s Sector Views publication provides its annual analysis of the changing financial landscape, the resulting impacts on consumers and market effectiveness. This analysis will feed into the FCA Business Plan 2019/20.
UKSA and ShareSoc have written to The Rt Hon Greg Clark MP on the appointment of auditors of public interest entities (PIEs)
You can read the letter by clicking here.
The FRC has asked for post-implementation feedback on the 2016 Ethical and Auditing standards. UKSA and ShareSoc recognise that these were introduced before the current concerns about auditing standards became evident.
This fact notwithstanding, we feel that the questions asked in the consultation could have been more searching in trying to…
In mid-January UKSA and ShareSoc submitted a joint response to the Business, Energy and Industrial Strategy Committee's inquiry into the future of audit.
The full submission can be found here.
UKSA's extensive contributions to public consultations in 2018 are set out below:
January
Open letter to FT on Carillion – Are Profits Real?
FRC + media
Jointly signed by UKSA
The UK Shareholders' Association and ShareSoc have made a joint submission to the Competition and Markets Authority (CMA) in response to the Update Paper relating to their audit market study. Our submission is available here: CMA Response to Update Paper - Final. The key points we made were:
We are very pleased to announce that Colin Colvin has been elected as the new chairman of UKSA.
Last weekend the Sunday Telegraph carried a front-page Business section article on Persimmon's controversial long-term incentive plan, which was devised in 2012. UKSA had severely criticised the scheme at the time. In this article, UKSA's past Chairman John Hunter explains the defects of the scheme. The article can be found here (…
UKSA and ShareSoc have submitted a joint response to Sir John Kingman on auditor procurement and remuneration.
The letter can be seen by clicking here .
We're pleased to be able to provide a copy of the Retail Investor Presentation given during the Q&A & Afternoon Tea with the Chairman of BHP on 18 September. It can be viewed here.
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