CA daily briefing: Wednesday 29 April
Your essential briefing of the morning's top news stories.
Good morning, Hilde Oesterkloeft here to give you today's news from ICAS and the wider world.
The latest from ICAS
ICAS Chief Executive J Bruce Cartwright CA has submitted a letter to UK Government MP and Secretary of State for Scotland, Alister Jack, to outline concerns and queries from ICAS members about COVID-19 support and its impact on the economy.
On 16 March 2020 the FRC issued guidance for auditors in which it highlighted the possibility that the impact of COVID-19 may require auditors to consider modifying their audit opinion. On 21 April 2020 the FRC issued guidance in relation to modified audit opinions and circumstances in which they might be issued. Find out more.
BEIS issue questions and answers on practical matters relating to company filings, AGMs and other general meetings during COVID-19. Find out more.
Today's top stories from around the web
- British Airways to cut up to 12,000 jobs as air travel collapses (BBC News)
- Martin Gilbert: Coronavirus 'multiple times worse' than Black Monday for City (City AM)
- Barclays profit falls sharply as coronavirus hurts borrowers (Reuters)
- Google parent reveals coronavirus ad hit but revenue still surges to $41bn (Sky News)
- The Fed's four radical moves to save the economy (BBC News)
- Councils criticised for slow rollout of coronavirus business grants package (City AM)
- Coronavirus: £82bn worth of property sales ‘on hold’ due to lockdown (The Independent)
- Cars out, snacks in as virus impacts US company profits (BBC News)
- UK retailers cut non-food prices by most on record - BRC (Reuters)
That's all for today. Check back tomorrow for your Thursday briefing.