Janet Yellen

US Treasury Secretary Yellen vows to ‘rejoin’ climate fight


April 30, 2021

US Treasury Secretary Janet Yellen has said the US is ready to rejoin the fight against climate change “after sitting on the sidelines for four years”.

Yellen gave her backing to climate change initiatives such …

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Mairead McGuinness

EU demands companies up their game on sustainability reporting


30 April, 2021

The European Commission (EC) is making stringent new demands on companies’ reporting of their impact on the environment, as it looks to drive investors’ money towards the greenest …

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Regulators warn Covid-19 could delay UK company reporting

Impact of lockdowns could hold up verification of financial accounts

Regulators are warning that reporting of annual results for listed companies could be delayed because of the coronavirus pandemic.

The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) …

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Government urged to prioritise audit industry reform

Reform is an “urgent priority”, says accountancy body chief

The accounting industry is urging the government to prioritise reform of the sector following the appointment of Kwasi Kwarteng as business secretary.

Michael Izza, chief executive of the Institute of Chartered …

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Luckin Coffee scandal

Coffee chain misdoings alerted regulators to potential irregularities with overseas companies listed in the US

Luckin Coffee will pay a $180m fine to settle accounting fraud charges as the US Securities and Exchange Commission (SEC) ramps up scrutiny of Chinese …

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Chinese companies face US stock exchange delisting

Chinese companies face US stock exchange delisting

US lawmakers are ramping up pressure on Beijing’s oversight regime

Congress has passed legislation that could result in Chinese companies being delisted from US stock exchanges if they do not comply with accounting

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Lord Callanan, Minister for Climate Change and Corporate Responsibility

UK commits to new accounting watchdog, despite delays

The UK government has pledged to push ahead with a new authority to oversee corporate governance standards, following criticism from a top business committee over its inaction to date.

In an open

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“Exploitative” Chinese companies face new battle to list in US

“Exploitative” Chinese companies face new battle to list in US

Chinese companies looking to list on US exchanges are set to face tougher scrutiny, thanks to moves to protect investors by Senators and a homegrown accounting scandal.

On Wednesday (May …

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Luckin Coffee scandal

US authorities are placing greater scrutiny on Chinese companies and other emerging markets listed in the US following the fallout from the Luckin Coffee fraud scandal.

A recent success story among investors, having raced to a Nasdaq listing within 18 …

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FRC: Expectations and standards ‘still apply’

FRC: Expectations and standards ‘still apply’

The Financial Reporting Council (FRC) has moved to remind companies that expectations and standards have not changed, despite the ongoing Covid-19 crisis.

At the same time, however, the FRC clarified that it had not …

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