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CA daily briefing: Monday 25 May

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By Hilde Oesterkloeft, ICAS

25 May 2020

Your essential briefing of the morning's top news stories.

Good morning, Hilde Oesterkloeft here to get your week off to a good start with the latest news and updates.

The latest from ICAS

Bruce Cartwright CA, ICAS CEO, calls on ICAS members to submit their views to help inform the ICAS response to the Advisory Group on Economic Recovery in Scotland.

As the former Chair of Members Board, Bruce Pritchard CA, moves to his newly elected role as Deputy President, ICAS is now seeking a candidate to lead the activities of Members Board. This opening provides a great opportunity for an enthusiastic CA who’s keen to help shape the approach to Member and Student engagement across ICAS.

This article summarises the key points in the latest updated FRC guidance on reporting of exceptional items and Alternative Performance Measures (APMs) in the context of COVID-19.

Today's top stories from around the web

  • Coronavirus: The government draws up plan to rescue key firms (BBC News)
  • Boris Johnson backs Dominic Cummings over lockdown travel row (City AM)
  • UK's Sunak authorises bailout to rescue strategically important companies (Reuters)
  • Extra UK bank holiday in October 'could boost economy by £500m' (The Guardian)
  • Coronavirus: Virgin Atlantic lenders brace for restructuring hit (Sky News)
  • Fresh UK review into Huawei role in 5G networks (BBC News)
  • Lloyds suspends job cuts until October amid coronavirus crisis (City AM)
  • Oil gains as coronavirus lockdowns ease, boosting hopes for demand pickup (Reuters)
  • COVID-19: property transactions slump by half (Accountancy Daily)
  • Grenfell fears prevent timber building boom (BBC News)
  • Coronavirus: JLR seeks state loan to overcome crisis (Sky News)

That's all for now. Check back tomorrow for your Tuesday briefing.

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