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• FRC issues a position paper on next steps to reform the UK's audit and corporate governance framework

• 14 Jul 2022

• The Financial Reporting Council (FRC) has issued a position paper setting out the next steps to reform the UK’s audit and corporate governance framework.

• FRC to host webinars on audit and corporate governance reform

• 06 Jul 2022

• The Financial Reporting Council (FRC) will be hosting two webinars on 14 and 20 July 2022 on audit and corporate governance reform.

• FRC publishes updated Guidance on the Strategic Report

• 22 Jun 2022

• The Financial Reporting Council (FRC) has published an updated edition of its Guidance on the Strategic Report to incorporate the new climate-related financial disclosures, following changes in legislation made earlier this year, along with a number of other amendments which have been made to maintain alignment with legislation.

• BEIS publishes response to its 'Restoring trust in audit and corporate governance’ White Paper

• 08 Jun 2022

• The Department for Business, Energy and Industrial Strategy (BEIS) has published the government's response to last year's White Paper ‘Restoring trust in audit and corporate governance’.

• Draft audit reform bill included alongside the Queen’s Speech

• 13 May 2022

• A draft audit reform bill was included within the supporting papers issued alongside the Queen's speech on the 10th May.

• BEIS publishes government response on proposals to improve financial information that is filed at Companies House

• 03 Mar 2022

• The Department for Business, Energy and Industrial Strategy (BEIS) has published its response to feedback on its proposals aimed at improving the quality of financial information which is filed at Companies House.

• The FTSE Women Leaders Review publishes report around achieving gender balance in FTSE 350 companies

• 24 Feb 2022

• The FTSE Women Leaders Review is an independent, business-led framework supported by the Government, which sets recommendations for Britain’s largest companies to improve the representation of Women on Boards and in Leadership positions. It succeeds the five-year Davies and Hampton-Alexander Reviews into Women on Boards. The report provides an update on the progress made in 2021, sets out new targets and recommendations.

• UK government issues non-binding guidance on climate-related financial disclosures

• 23 Feb 2022

• The Department for Business, Energy & Industrial Strategy (BEIS) has issued non-binding guidance on legislation requiring certain UK companies and LLPs to make climate-related financial disclosures.

• UK government finalises legislation on climate-related financial disclosures

• 20 Jan 2022

• The Department for Business, Energy & Industrial Strategy (BEIS) has finalised two statutory instruments requiring certain UK companies and LLPs to make climate-related financial disclosures.

• FRC publishes a staff factsheet on climate-related matters for FRS 102 reporters

• 16 Nov 2021

• The Financial Reporting Council (FRC) has published a staff factsheet to inform preparers of annual reports under FRS 102 of climate-related matters they may need to consider when preparing financial statements and associated narrative reporting.

• UK government publishes draft legislation on climate-related financial disclosures

• 05 Nov 2021

• The Department for Business, Energy & Industrial Strategy (BEIS) has published draft regulations requiring UK public interest entities, Alternative Investment Market (AIM) companies and high turnover companies and Limited Liability Partnerships (LLPs) to make climate-related financial disclosures. The regulations, which amend the Companies Act 2006, will take effect for periods commencing on or after 6 April 2022.

• UK Government publishes roadmap setting out details on new sustainability disclosure requirements

• 20 Oct 2021

• The UK Government has published a roadmap setting out details of new economy-wide sustainability disclosure requirements, and the legislative and regulatory changes that will be made to deliver them. These will, for the first time, bring together UK sustainability reporting requirements under one integrated framework. The roadmap emphasises the need for high-quality, reliable, and internationally comparable sustainability information. This is necessary to improve decision-making, build trust and address risks of greenwashing.

• FRC and Black Sun webinar on the BEIS 'Restoring trust in audit and corporate governance' consultation

• 08 Sep 2021

• Black Sun is hosting a webinar on September 17th 2021 in partnership with the Financial Reporting Council (FRC).

• We comment on the BEIS consultation on climate-related financial disclosures

• 05 May 2021

• We have published our comment letter on the consultation issued by the Department for Business, Energy & Industrial Strategy (BEIS) on requiring mandatory climate-related financial disclosures by publicly quoted companies, large private companies and Limited Liability Partnerships (LLPs).

• BEIS launches consultation on requiring mandatory climate-related financial disclosures by publicly quoted companies, large private companies and LLPs

• 26 Mar 2021

• The Department for Business, Energy & Industrial Strategy (BEIS) has launched a consultation on requiring mandatory climate-related financial disclosures by publicly quoted companies, large private companies and Limited Liability Partnerships (LLPs). Comments are requested by 5 May 2021.

• FRC to host a series of webinars and roundtables on the BEIS White Paper

• 26 Mar 2021

• Following the publication of the Government's consultation 'Restoring trust in audit and corporate governance', the Financial Reporting Council (FRC) will be hosting a series of webinars and roundtables to provide further insight on key aspects of the consultation and to provide interested parties with an opportunity to share their views and comment on the proposals.

• BEIS issues its 'Restoring trust in audit and corporate governance’ White Paper

• 25 Mar 2021

• The Department for Business, Energy and Industrial Strategy (BEIS) has published a consultation on strengthening the UK’s framework for major companies and the way they are audited ('the White Paper').

• The Hampton-Alexander Review publishes its 2020 Report

• 04 Mar 2021

• The final report of the five-year Hampton-Alexander Review was published on 24 February 2021. The Hampton-Alexander Review is the successor of the five-year Davies Review on women on boards, meaning this is the culmination of ten years of additional focus on gender diversity at board and senior leadership level from Government, companies and investors.

• We comment on the BEIS consultation on corporate transparency and register reform

• 05 Feb 2021

• We have published our comment letter on the Department for Business, Energy and Industrial Strategy (BEIS) consultation on corporate transparency and register reform.

• ICSA publishes its review of the effectiveness of independent board evaluation in the UK listed sector

• 24 Jan 2021

• The Chartered Governance Institute (ICSA) has published the findings of its review into the effectiveness of independent board evaluation in the UK listed sector. The report has identified a number of ways in which board evaluation might be improved.

• BEIS proposes shortening accounts filing deadlines by three months, changing small and micro exemptions and improving the financial information which is filed with Companies House

• 16 Dec 2020

• The Department for Business, Energy and Industrial Strategy (BEIS) has published a consultation on improving the financial information which is filed with Companies House.

• FRC and BEIS letters on accounting and reporting from 1 January 2021

• 27 Nov 2020

• The Department for Business, Energy and Industrial Strategy (BEIS) and the Financial Reporting Council (FRC) have jointly published updated letters to audit firms and companies setting out changes to the UK’s corporate reporting framework after the end of the transition period on 31 December 2020. The changes are particularly relevant for UK incorporated companies, multinational groups with a UK and EEA presence and UK and EEA companies with cross-border listings.

• UK to make TCFD aligned disclosures mandatory by 2025

• 12 Nov 2020

• The Chancellor, Rishi Sunak, has announced the intention to make Task Force on Climate-related Financial Disclosures (TCFD) aligned disclosures fully mandatory across the economy by 2025. This marks an important step in establishing consistent global climate and sustainability reporting standards.

• Government introduces Corporate Insolvency and Governance Bill

• 03 Jun 2020

• The Government has introduced the Corporate Insolvency and Governance Bill in Parliament.

• FRC and BEIS publish revised Brexit accounting and audit letters

• 14 Feb 2020

• The Financial Reporting Council (FRC) and the Department for Business, Energy and Industrial Strategy (BEIS) have jointly published revised letters for auditors and accountants with information regarding auditing, accounting and corporate reporting standards during the transition period following the UK’s exit from the EU on 31 January 2020.