CA daily briefing: Monday 6 January 2020
Your essential briefing of the morning's top news stories.
Good morning and happy New Year. Andrew Harbison here with your first daily briefing of 2020.
Spotlight on ICAS
Legislation to implement the EU’s fifth AML Directive has been published and will become effective on 10 January 2020. David Menzies looks at the changes that firms require to be aware of.
Following the publication of Sir Donald Brydon’s final report on his Independent Review into the Quality and Effectiveness of Audit, Anne Adrain summarises the recommendation for a redefinition of audit and its purpose.
Today's top stories from around the web
- Top FTSE bosses paid typical worker's annual salary in just 33 hours (The Guardian)
- Port Talbot: Tata Steel bosses 'can't keep funding losses' (BBC News)
- Boris Johnson to open post-Brexit trade talks with Ursula von der Leyen (The Guardian)
- Labour to begin contest to succeed Corbyn as leader (Bloomberg)
- Japan in principle could press Lebanon to extradite ex-Nissan boss Ghosn (Reuters)
- UK hotel insolvencies hit five-year high in 2019 (BBC News)
- HMV and Debenhams become latest major retailers to close high street stores (Sky News)
- Lloyds Bank commits to £18bn of lending for UK companies (City AM)
- HS2 costs out of control, says review's deputy chair (BBC News)
That's all for today, check back on tomorrow for your next daily briefing.