Author: Angelo Clemente
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Avoiding Audit Bottlenecks: How multinationals with UK and Irish entities can stay ahead of group reporting deadlines
For many multinational groups headquartered across Europe, owning subsidiaries in the UK or Ireland bring both strategic opportunity and compliance complexities. One of the greatest recurring challenges faced by CFOs and finance teams is aligning local statutory audits with group reporting deadlines. The stakes are high; missed deadlines risk fines, late reporting frustrates group headquarters,…
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Guidance on the Going Concern Basis of Accounting, Solvency & Liquidity Risks
The Financial Reporting Council (FRC) has issued updated guidance on the Going Concern Basis of Accounting and Related Reporting, with particular emphasis on assessing solvency and liquidity risks. This revised guidance, which replaces the 2016 edition, provides essential support for directors when determining whether the going concern basis is appropriate for preparing financial statements, ensuring…
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ISSA 5000: International Standard for Sustainability Assurance Engagements
Enhancing Trust in Sustainability Information ISSA 5000 aims to build trust in sustainability information. Investors, regulators, and stakeholders rely on accurate data. As businesses face pressure to disclose environmental, social, and governance (ESG) performance, this standard provides a clear framework. It ensures ESG disclosures are both accurate and reliable. ISSA 5000 applies to all sustainability…
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Corporate Governance Changes (UK) – March 2024
Following The Economic Crime and Corporate Transparency Act 2023 (“ECCTA”), important changes are expected to take place for all UK companies. The first measures under ECCTA will be introduced from 4th March 2024. Businesses should expect further guidance to be published over the next months as their new obligations are better defined, and Companies House’s expanded…