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Audit, Reporting And Governance Authority
The Audit, Reporting and Governance Authority is a proposed audit regulator intended to be established in the United Kingdom to replace the Financial Reporting Council. The government announced plans for a new regulator in March 2019, and published detailed proposals in March 2021; the new regulator was expected to be fully implemented in 2023 but is delayed without a clear timetable. Background Kingman Review Following accounting irregularities at companies such as Carillion, Patisserie Valerie and BHS, the UK government ordered a review of the current supervisory environment by the Financial Reporting Council (FRC). The review was led by Legal & General chairman Sir John Kingman. The review recommended the urgent introduction of a new regulator, the ''Audit, Reporting and Governance Authority'', which should be accountable to Parliament, with the intention to provide more effective oversight and address a concentration in the industry - the ''Big Four'' audit firms' market sha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Reporting Council
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and Stewardship Codes. The FRC seeks to promote transparency and integrity in business by aiming its work at investors and others who rely on company reports, audits and high-quality risk management. In December 2018, an independent review of the FRC, led by Sir John Kingman, recommended its replacement by a new Audit, Reporting and Governance Authority, a recommendation followed by the government in March 2019. Ireland adopted the FRC's auditing framework in 2017. Structure The FRC is a company limited by guarantee, and is funded by the audit profession, who are required to contribute under the provisions of the Companies Act 2006 and by other groups subject to, or benefitting from FRC regulation. Its board of directors is appointed by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Opening Of Parliament
The State Opening of Parliament is a ceremonial event which formally marks the beginning of a session of the Parliament of the United Kingdom. It includes a speech from the throne known as the King's (or Queen's) Speech. The event takes place in the House of Lords chamber on the first day of a new session, which is usually in May or June, and traditionally in November, but can occur at any time of year depending on the timing of General Elections and parliamentary session start dates. It takes place in front of both Houses of Parliament. The monarch, wearing the Imperial State Crown, reads a speech that has been prepared by his or her government outlining its plans for that parliamentary year. The most recent ceremony was held on 10 May 2022. Queen Elizabeth II opened every session of Parliament during her reign, except in 1959, 1963, and 2022. In 1959 and 1963, she was pregnant with Prince Andrew and Prince Edward respectively and those two sessions were opened by Lords Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Bodies And Task Forces Of The United Kingdom Government
In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkeit'' or public sphere. The concept of a public has also been defined in political science, psychology, marketing, and advertising. In public relations and communication science, it is one of the more ambiguous concepts in the field. Although it has definitions in the theory of the field that have been formulated from the early 20th century onwards, and suffered more recent years from being blurred, as a result of conflation of the idea of a public with the notions of audience, market segment, community, constituency, and stakeholder. Etymology and definitions The name "public" originates with the Latin '' publicus'' (also '' poplicus''), from ''populus'', to the English word 'populace', and in general denotes some mass population ("the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GlaxoSmithKline
GSK plc, formerly GlaxoSmithKline plc, is a British multinational pharmaceutical and biotechnology company with global headquarters in London, England. Established in 2000 by a merger of Glaxo Wellcome and SmithKline Beecham. GSK is the tenth largest pharmaceutical company and #294 on the 2022 ''Fortune'' Global 500, ranked behind other pharmaceutical companies China Resources, Sinopharm, Johnson & Johnson, Pfizer, Roche, AbbVie, Novartis, Bayer, and Merck. The company has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. , it had a market capitalisation of £70 billion, the eighth largest on the London Stock Exchange. It has a secondary listing on the New York Stock Exchange. The company developed the first malaria vaccine, RTS,S, which it said in 2014 it would make available for five percent above cost. Legacy products developed at GSK include several listed in the World Health Organization's List of Essential Medicines, such ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simon Dingemans
Simon Paul Dingemans (born April 1963) is an English former banker and businessman. Until May 2019 he was chief financial officer at GlaxoSmithKline. In July 2019 he was appointed chair of the Financial Reporting Council, and was set to lead its transition into the Audit, Reporting and Governance Authority, but left in May 2020. Education Dingemans was educated at Kent College and Christ Church, Oxford where he gained a master's degree in geography.Baker, Martin, 2 July 2006The Rainmaker: Dingemans bags his prey''Telegraph''. Accessed: 15 June 2020 He was involved in theatre production at the Oxford Playhouse. Career Dingemans joined S. G. Warburg & Co. as a graduate trainee, spending 15 years with the firm before moving to Goldman Sachs to run its UK investment banking and European mergers businesses. Dingemans spent 25 years at Goldman Sachs, becoming head of European mergers and acquisitions, and overseeing £411 billion ($500 billion) of deals, including Vodafone's £112bn mer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City A
A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be defined as a permanent and densely settled place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, utilities, land use, production of goods, and communication. Their density facilitates interaction between people, government organisations and businesses, sometimes benefiting different parties in the process, such as improving efficiency of goods and service distribution. Historically, city-dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cities, which has had profound consequences for g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department For Business, Energy And Industrial Strategy
The Department for Business, Energy and Industrial Strategy (BEIS) is a department of His Majesty's Government. The department was formed during a machinery of government change on 14 July 2016, following Theresa May's appointment as Prime Minister, through a merger between the Department for Business, Innovation and Skills (BIS) and the Department of Energy and Climate Change (DECC). Responsibilities The department has responsibility for: * business * industrial strategy * science, research and innovation * deregulation * energy and clean growth * climate change While some functions of the former Department for Business, Innovation and Skills, in respect of higher and further education policy, apprenticeships and skills, were transferred to the Department for Education, in a statement May explained:The Department for Energy and Climate Change and the remaining functions of the Department for Business, Innovation and Skills have been merged to form a new Department for B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greg Clark
Gregory David Clark (born 28 August 1967) is a British politician who served as Secretary of State for Levelling Up, Housing and Communities from 7 July 2022 to 6 September 2022. A member of the Conservative Party, he has served as Member of Parliament (MP) for Tunbridge Wells since 2005. He is currently the Chair of the Science and Technology Select Committee. Clark was born in Middlesbrough and studied Economics at Magdalene College, Cambridge, where he was president of Cambridge University Social Democrats. He then gained his PhD from the London School of Economics. Clark worked as a business consultant before becoming the BBC's Controller for Commercial Policy and then Director of Policy for the Conservative Party under Conservative leaders Iain Duncan Smith and Michael Howard from 2001 until his election to parliament in 2005. Clark served in the Cameron-Clegg coalition as Minister of State in the Department for Communities and Local Government from 2010 to 2012, Financia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carillion
Carillion plc was a British multinational construction and facilities management services company headquartered in Wolverhampton in the United Kingdom, prior to its liquidation in January 2018. Carillion was created in July 1999, following a demerger from Tarmac. It grew through a series of acquisitions to become the second largest construction company in the United Kingdom, was listed on the London Stock Exchange, and in 2016 had some 43,000 employees (18,257 of them in the United Kingdom). Concerns about Carillion's debt situation were raised in 2015, and after the company experienced financial difficulties in 2017, it went into compulsory liquidation on 15 January 2018, the most drastic procedure in UK insolvency law, with liabilities of almost £7 billion. In the United Kingdom, the insolvency caused project shutdowns and delays in the UK and overseas (PFI projects in Ireland were suspended, while four of Carillion's Canadian businesses sought legal bankruptcy protection) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of State For Business, Energy And Industrial Strategy
The secretary of state for business, energy and industrial strategy, is a secretary of state in the Government of the United Kingdom, with responsibility for the Department for Business, Energy and Industrial Strategy. The incumbent is a member of the Cabinet of the United Kingdom. The incumbent Business Secretary is Grant Shapps who was appointed by Rishi Sunak on 25 October 2022. Responsibilities Corresponding to what is generally known as a commerce minister in many other countries, the business secretary's remit includes: * Oversight of science, research and innovation in Britain * Relations with domestic and international business * Policy relating to climate change * Policy relating to deregulation * Policy relating to energy security * Oversight of energy policy and industrial policy History During the government of Sir Alec Douglas-Home, the then President of the Board of Trade Edward Heath was given in addition the job of Secretary of State for Industry, Trade a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Four Accounting Firms
The Big Four are the four largest professional services networks in the world, the global accounting networks Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and workforce; they are considered equal in their ability to provide a wide scope of professional services to their clients; and, among those looking to start a career in professional services, particularly accounting, they are considered equally attractive networks to work in, because of the frequency with which these firms engage with ''Fortune'' 500 companies. The Big Four each offer audit, assurance, taxation, management consulting, actuarial, corporate finance, and legal services to their clients. A significant majority of the audits of public companies, as well as many audits of private companies, are conducted by these four networks. Until the late 20th century, the mark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
