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...The FRC has been beefed up in recent years, imposing record fines on accounting firms after criticism of weak regulation after scandals at BHS, Carillion and Patisserie Valerie....
...Early board members included Valérie Baudson, now chief executive officer of Amundi, and Rachel Lord, then head of iShares for Emea and now head of international at BlackRock....
...Investors and ministers have criticised some auditors’ failures to spot significant problems, including unauthorised overdrafts at Patisserie Valerie....
...Mark Thompson, the former BBC director-general who went on to become chief executive of The New York Times until 2020, also receives a knighthood....
...Sir Jon Thompson, outgoing chief executive of the FRC, said the proposed changes to the code were “another step” towards restoring trust in audit and corporate governance pending the legislation....
...The regulator, said Thompson, is in discussions with civil servants about creating new powers to address such a situation....
...Valerie in 2019....
...Michela Tindera But Jamie says not everyone feels like Valerie....
...The FRC has been trying to improve the quality of audits of large UK companies after auditors failed to raise red flags ahead of high-profile corporate failures such as Carillion and Patisserie Valerie....
...“While it is encouraging to see some improvement in audit quality at the largest audit firms, consistent, long-term improvement is still required across the market,” said Sir Jon Thompson, chief executive...
...tone from the top, is fundamental to business success,” said Sir Jon Thompson, chief executive of the Financial Reporting Council....
...On Mubi Annette A true one-off is hard to find but it arrived this year with the brooding rock opera Annette from maverick director Leos Carax....
...Du Plessis, a former chair of BT and miner Rio Tinto, said the FRC had made progress under chief executive Sir Jon Thompson but promised he would tackle the governance problems immediately....
...As non-executive chair, du Plessis would work alongside the FRC’s chief executive, Sir Jon Thompson, who has been at the helm since October 2019....
...substandard audits and to provide details of the problems identified risked undermining confidence in all financial statements signed off by accounting firms, the campaigners said in their letter to Sir Jon Thompson...
...Auditors have come under fire after they failed to raise the alarm before corporate collapses at companies such as retailer BHS, outsourcer Carillion and café chain Patisserie Valerie....
...Sure, boss Sir Jon Thompson is getting on with reinvigorating what used to be a lapdog of the industry it oversaw....
...been “asleep at the wheel” during corporate failures such as those at Patisserie Valerie and Carillion....
...Chapel Down put Curious Drinks into administration and in April disposed of the brewery to former Patisserie Valerie chair Luke Johnson....
...Auditors have faced intense public scrutiny over their failure to raise red flags ahead of high-profile corporate failures such as Carillion, Thomas Cook and Patisserie Valerie....
...definition of “public interest entities” as part of a wide-ranging consultation on audit and corporate governance reform after a string of corporate collapses, including at Aim-listed café chain Patisserie Valerie...
...Blanchard’s opera is the first of three contemporary operas, the most since 1928, and three black composers — Valerie Coleman, Jessie Montgomery and Joel Thompson — have been invited to take part in the...
...Additional reporting by Jennifer Thompson...
...A string of corporate collapses and accounting scandals at BHS, Carillion and Patisserie Valerie intensified concerns about the FRC’s effectiveness....
...He will also add more force to the FRC as it investigates the audits of Thomas Cook, Patisserie Valerie, Mitie, BT Group and Rolls-Royce....
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