FirstFT: The UK government looks for a new chairman of the accounting regulator


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The British government launched a Recruitment activities After severe criticism of the “fragile” state of governance of the regulatory agency, the board of directors of the accounting regulatory agency was expanded.

The business unit has begun searching for six non-executive directors and a chairman of the financial reporting committee. Since Simon Dingmans resigned 14 months ago and joined the private equity group Carlyle, the financial reporting committee has not been fixed. boss.

An advertisement in the Cabinet Office stated that the position would pay an annual salary of £125,000 and would work two and a half days a week. Dingemans works three days a week with an annual salary of £150,000.

In addition, the Council’s annual quality review of the top seven audit companies in the UK this year aim KPMG has dealt with substandard bank audits for the third consecutive year.

Having failed to sound the alarm before the failures of companies such as Carillion, Thomas Cook and Patisserie Valerie, the industry has pledged to improve.

What do you think of the government’s delay in finding a permanent successor to Dingemans?write a letter to me [email protected] Let me know what you think. — Jennifer

There are five more stories in the news

1. Bank of England “appropriately tightened” monetary policy The Bank of England stated that “some Moderate tightening In the next two years, it may be necessary to adopt a “monetary policy” to control inflation. In the hawkish transition, most committee members indicated that they had met the economic conditions and began to discuss interest rate hikes again.But central bank governor Andrew Bailey is not in the mood transparent.

2. Tidjane Thiam’s Spac negotiates with Credijusto The blank cheque company of the former Credit Suisse CEO Exclusive talks This year it merged with Mexican fintech startup Credijusto and Latin American enterprise data provider CIAL Dun & Bradstreet and went public in New York.

3. Apple scans US iPhones for child abuse Apple plans install software According to people familiar with the matter, the scanning of child abuse images on the US iPhone has raised concerns among security researchers that it may open the door to the surveillance of millions of people’s personal devices.

4. The United States provides a “safe haven” for Hong Kong people Washington will Postpone removal Of Hong Kong residents stayed in the United States for 18 months in response to China’s suppression of this financial center. The Department of Homeland Security did not specify how many people are eligible for the proposal, but a US official told the Financial Times that the number of people affected was “thousands.”

5. Messi and Barcelona part ways FC Barcelona said yesterday that Lionel Messi, widely regarded as one of the greatest football players in history, will Leave Due to “financial and structural obstacles”, it blamed the Spanish La Liga regulations to control spending. For more information about sports business, Sign up For us Scoreboard communication.

Tokyo Olympic finals

Krystsina Tsimanouskaya applied for asylum at the Polish Embassy in Tokyo after she and her family appeared to be threatened by Belarusian state officials

Krystsina Tsimanouskaya applied for asylum at the Polish Embassy in Tokyo after she and her family appeared to be threatened by Belarusian state officials © REUTERS

  • two Belarusian Alleged coach Trying to force Krystsina Tsimanouskaya’s flight has been certified Revoke. Sprinter decides shortcoming After her grandmother said it was not safe to go home.

  • Olympic Regatta end Yesterday with UK Dominate the waves again and won the most medals at the Tokyo Olympics.

  • China’s Quan Hongchan, 14, won Gold In the women’s 10-meter platform competition.

  • Spanish Alberto Gines Lopez, 18, won the first ever Olympic gold medal Sport climbing. (UK “Financial Times”, The Guardian, Reuters, CNN, NPR)

Learn about the best sports events in the Olympic Games today through our Tokyo Olympics daily report-through our Tokyo 2020 report.

Coronavirus Digest

  • quantity alarm issued by NHS Covid-19 In the week ending July 28, apps in England and Wales dropped by 43%.

  • This US Plan to join Germany, Israel and France Giving Booster shooting For people with weakened immune function.The health system is ready influenza With the restrictions lifted.

  • Novax Further delay Submit its vaccine to US regulators because it is working to obtain consistent manufacturing data.

  • Modern The jab is 93% Effective The drugmaker said it reported a record quarterly profit six months after the second injection.

  • FuGuo bank, Black stone and Amazon will Delayed return Going to the office, it shows that the Delta variant hinders the plan to resume pre-Covid work life. (UK “Financial Times”, Reuters)

Covid shows Western democracy Naive tendency, Wrote Edward Luce. register For us Coronavirus business update communication.

The days to come

Economic data The U.S. Department of Labor’s monthly announcement is expected to add 880,000 jobs data. France publishes monthly trade balance data, and Germany publishes industrial production data. Find more economic indicators here.

Hiroshima Memorial Day Already 76 year Since the explosion of the atomic bomb.International Olympic Committee chosen At the closing ceremony of the Olympic Games on Sunday, don’t be silent for a moment, but pay tribute to the victims. (Reuters)

Income summary Allianz, Europe’s largest insurance company, reports and may provide information on Germany’s claims since July Devastating flood, It is expected that this will bring more than 500 million euros in expenditure. Find more company reports here.

Edinburgh Edge Freedom open festival created 74 years ago Start Today after the interruption caused by the pandemic last year.

What are we still reading

British homebuyers struggle to gain a foothold The gap between the steps of the UK real estate ladder is Widen As prices soared and the country got rid of the blockade. The desire for more space driven by the homeowner pandemic has also exacerbated the backlog of buyers seeking to move.

Percentage line chart of non-retired household income shows that the size of home buyers' income is rising

Stammer urges Labor to accept Blair’s legacy Sir Kil Starmer has swear As he prepares to restart the leadership in the fall, he “completely changed the Labour Party”. But after losing four general elections since 2010, the opposition leader told the Financial Times that he was “keenly aware” that he must rebuild his relationship with the company.

Fix a broken workplace culture High-pressure professional companies must change the way they operate and adapt their work to their personal lives. Delphin Strauss wroteWhile a salary increase is undoubtedly helpful, it is not just a question of money.Behavioral scientist Grace Lordan said that in order to make progress in your career, please pay close attention to Big picture.

Why are some inventions late? We often overestimate the Eureka moments of inventors’ graffiti, while ignoring the importance of the pioneers who contributed to or inspired this idea. Maybe it’s because innovation is not natural-most of us are doing what we see others doing, Tim Harford wrote.

Tim Harford:

Tim Harford: “Curious people want to know why these ideas appear so late — and if there is any way to prevent future delays. One explanation is that these ideas are not as simple as they seem. © Anna Wray

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