Internal audit: to outsource or not? June 28, 2021 Alan Simpson CA looks at the types of outsourcing arrangements often used and reviews the pros and cons of outsourcing internal audit. Traditionally, internal audit work was undertaken mainly by in-house teams. Through time this has changed and now many organisations outsource, either completely or partially, their internal audit function. Modern internal audit functions need [...]
Directors, beware: Corporate governance overhauls could end with personal liability June 28, 2021 Corporate governance in the UK is about to undergo its biggest transformation in a generation. Next month, the Government consultation into the powers held by the new Audit Regulation and Governance Authority (ARGA), closes. Some of the proposals are seismic, driven by corporate scandals, and could mean directors of public companies, large AIM-listed and large [...]
UK banks’ profits slashed by more than half June 28, 2021 Big UK banks’ profits have slid by more than half over the last year, according to a ranking of the world’s largest lenders published today. UK lenders included in The Banker’s top 1,000 World Banks 2021 experienced a 53 per cent drop in profits. Losses were attributed to the severe damage the pandemic has inflicted [...]
London must become a world leader on climate change action June 28, 2021 It’s London Climate Action week and a chance to celebrate the work being done to tackle climate change in our capital city. It’s an opportunity to highlight and bring to the forefront the challenges we are facing and need to address to make a real difference. Climate change is a major global issue affecting everyone [...]
UK begins Singapore digital trade talks June 28, 2021 The UK will today start trade talks for a digital trade agreement that could remove barriers to trade and enable UK exporters to expand into high-tech markets around the world. International trade secretary Liz Truss is due to begin virtual negotiations with Singapore today for a Digital Economy Agreement (DEA). The UK is the second largest [...]
Covid update: ‘Stronger border’ could have curbed Delta variant in UK June 27, 2021 A leading government coronavirus adviser said that the Delta Covid variant could have been stopped in its tracks if the UK had enforced stricter border measures. The chair of the UK’s advisory group for new and emerging respiratory virus threats (Netvag) said that “stronger border measures may have delayed […] even have prevented” the Delta [...]
Government to launch probe into Matt Hancock CCTV footage leak June 27, 2021 The government’s health department has launched an internal inquiry into how the CCTV footage that led to Hancock’s resignation was leaked. A government minister has confirmed that the Department of Health and Social Care (DHSC) is investigating how images and a video of the former health secretary kissing an adviser in his private office were [...]
AI startup Onfido considers listing in New York instead of London June 27, 2021 The British digital identity startup is reportedly considering a stateside IPO over a London listing, due to rapid business growth in North America. London-headquartered Onfido has begun swapping British accounting standards for American, in preparation for a “potential US IPO in the near future”, The Telegraph first reported. The AI startup, which helps firms like Microsoft, [...]
Binance given the boot by UK financial watchdog June 27, 2021 The Financial Conduct Authority has banned Binance from advertising and establishing a UK-based operation.
Exclusive: Ad tech firm that shuns cookies and has Amazon and D&G as clients to float on AIM June 27, 2021 Exclusive: AI marketing firm that shuns cookies and has Amazon and D&G as clients to float on AIM
