Name: Understanding comply or explain: UK Corporate Governance Code 2024 by Financial Reporting Council
Duration: 9 min 17 s
Description: In this In Conversation podcast episode, Adam Mohamed, Head of Communications, interviews Jessica Dahlstrom, Head of Corporate Governance, exploring the nuanced "comply or explain" approach in the UK Corporate Governance Code. They discuss how companies can effectively demonstrate good governance through thoughtful explanations of code departures, emphasising flexibility and meaningful reporting.

In this In Conversation podcast episode, Adam Mohamed, Head of Communications, interviews Jessica Dahlstrom, Head of Corporate Governance, exploring the nuanced "comply or explain" approach in the UK Corporate Governance Code. They discuss how companies can effectively demonstrate good governance through thoughtful explanations of code departures, emphasising flexibility and meaningful reporting.

Understanding comply or explain: UK Corporate Governance Code 2024

In this In Conversation podcast episode, Daniel Ellis, Senior Public Affairs Manager, is joined by Alison Stiles, Project Manager in the Professional Bodies Supervision team, to discuss the FRC’s work on Mutual Recognition Agreements (MRAs) and the recent Law and Practice Assessment regarding Switzerland. Discover how these MRAs support the international exchange of audit expertise and make it easier for skilled professionals to work across different countries.

Mutual Recognition Agreements

Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, is joined by Richard Moriarty, CEO, Mark Babington, Executive Director of Regulatory Standards, and Miranda Craig, Director of Strategy and Change to discuss the launch of a year-long campaign to help small and medium-sized enterprises (SMEs) access audit services and reduce reporting burdens where possible to support their growth ambitions. 

Supporting UK SMEs to grow and scale

Join Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Jenny Carter, Director of Accounting and Reporting Policy, as they discuss the FRC's updated going concern guidance, refreshed for the first time since 2016. Hear how this guidance, which reflects updated reporting practices and changing standards, supports proportionate, company-specific disclosures.

Updating the FRC's Going Concern Guidance

Join Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Sarah Rapson, Executive Director of Supervision, as they discuss the launch of Future of Audit Supervision Strategy. Hear how this review will evolve our supervisory approach to consider the current and future challenges of the audit market while upholding high standards and supporting economic growth.

In Conversation: Future of Audit Supervision Strategy

As part of the FRC's campaign to support SMEs to engage with and access audit, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Mark Babington, Executive Director of Regulatory Standards, discuss the role of audit standards and how they can be applied in a proportionate and scalable way.

Understanding audit standards

Join Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, Mark Babington, Executive Director of Regulatory Standards, and Dhruve Shah, Deputy Director of Professional Body Supervision, as they run through some of the early themes and feedback from the FRC's SME audit market study. 

SME Audit Market Study: What we've been hearing

In this ‘In Conversation’ podcast, Kate O’Neill, Director of Stakeholder Engagement & Corporate Affairs, Sarah Rapson, Executive Director of Supervision, and Elizabeth Barrett, Executive Counsel and Executive Director of Enforcement, discuss the Financial Reporting Council’s (FRC) end-to-end enforcement process review, as referenced in our 3-Year Strategy. They discuss the reasons for launching the review now, the key issues the review is considering, and the importance of this work to stakeholders - including plans for upcoming roundtables.

Discussing the FRC's end-to-end enforcement process review

In this FRC ‘In Conversation’ podcast episode, Adam Mohamed, Head of Communications, discusses the recently launched digital reporting ‘Viewer’, a new free tool designed to improve access to structured company reporting data, with Phil Fitz-Gerald, Director of Digital Reporting and Taxonomies, Jennifer Guest, Head of XBRL UK Taxonomy Development, and Carl Palfrey, Lead Business Analyst at the Companies House.

Listen to hear how the Viewer unlocks vast repositories of digital data and enables investors, businesses and the public to easily access and analyse company information.

Transforming access to company data

In this podcast episode, Kate O'Neill, Director of Stakeholder Engagement and Corporate Affairs, and Project Directors, Ramana McConnon and Peter Kitson, discuss the crucial role audit plays in enhancing trust, confidence and transparency in financial statements.  

What is an Audit?

In this podcast episode, Kate O'Neill, Director of Stakeholder Engagement and Sarah Rapson, Executive Director of Supervision discuss the 2025 Annual Review of Audit Quality. The report explores the inspection and supervision results of audit firms across  the UK Public Interest Entity (PIE) market while also highlighting the introduction of the audit firm metrics.

Understanding comply or explain: UK Corporate Governance Code 2024

Financial Reporting Council

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