15 November 2023

Corporate reporting reform rolls back

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. How much did the Financial Reporting Council fine KPMG for audit failings relating to Carillion’s collapse?

  2. Which of the following did the draft Companies (Strategic Report and Directors’ Report) (Amendment) Regulations 2023 include?

  3. Which of the following changes were introduced following the 2018 overhaul of the UK Corporate Governance Code?

  4. How many proposals were originally included in the current overhaul of the UK Corporate Governance Code?

  5. Why has the creation of the Audit, Reporting and Governance Authority stalled?

  6. Which of the following statements is correct? Statement 1, the government is accelerating efforts to make the UK a business-friendly destination, or statement 2, the government is bringing in new measures to tighten up the UK share market

  7. Which 2022 reforms combine new and existing regulatory initiatives involving consultations and future work?

  8. Under the Mansion House Reforms, what percentage of their investments have UK pension companies agreed to commit to private equity?

  9. Under which prime minister did the UK’s corporate governance reform begin?

  10. Which of the following statements is true? Statement 1, the latest corporate governance overhaul was widely seen as paving the way for root-and-branch reform, or statement 2, the latest corporate governance overhaul was widely seen as a light-touch response to major corporate failures

1 Unit